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Library » November 2019 Perspective
November 04, 2019 | Market Commentary
Uncertainty Can't Stop Stocks The US stock market hit a new all-time high in October, propelled by better than expected earnings results, stronger than expected US GDP growth, another interest rate reduction by the Federal Reserve, and positive reports on US-China trade negotiations. Despite …
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All AudiencesLibrary » Fourth Quarter 2019 International Perspective
October 21, 2019 | Market Commentary
Quarterly Market Review International equities gave back a small bit of year-to-date gains during the third quarter as economic and geopolitical uncertainty weighed on risk taking. Declines in developed market equities were even slighter than the broad market, whereas emerging markets …
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All AudiencesLibrary » October 2019 Perspective
October 02, 2019 | Market Commentary
Strongest Start Since 1997 US equities finished the third quarter modestly higher, furthering what have already been robust year-to-date gains. The S&P 500 price index is up 19% on the year for its strongest start to a year in over two decades. The big rally comes alongside a strong performance …
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All AudiencesMarkets & Economy » Implications of the Saudi Oil Attack
September 17, 2019 | Market Commentary
Oil prices rose double digits yesterday as a series of drone attacks over the weekend knocked out approximately half of all Saudi Arabian crude production. The massive move in crude oil futures became the largest single day rise since 1988, with Brent crude rising nearly 15% on Monday. The drone …
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Markets & Economy » There is No Alternative
September 12, 2019 | Market Commentary
2019 has been a strong year for the stock market. US equities are trading near all-time highs, with healthy year-to-date gains both at home and abroad. At the same time that stock markets are hitting new highs, interest rates have been falling to new lows. After starting the year at 2.69%, the …
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All AudiencesLibrary » September 2019 Perspective
September 04, 2019 | Market Commentary
Bonds Take Center Stage Fixed income markets stole the show as bond yields sharply and steadily fell all throughout the month. In August, the yield on the US 10-Year Treasury note collapsed 52 basis points (one basis point is 0.01%), sinking from 2.02% to 1.51%. August’s ferocious bond buying …
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Markets & Economy » What Falling Interest Rates Mean to You
August 27, 2019 | Market Commentary
Interest rates are fundamental to investing. The income you earn in a savings account, the interest you pay on your mortgage, and the yield you earn on a bond are all determined by underlying interest rates in the economy. Over the past six months, those rates have fallen significantly, …
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Library » Special Report: China And The Potential For Currency Devaluation
August 15, 2019 | Market Commentary
Please note that events are unfolding quickly, for our latest thoughts subscribe to our blog. In this special report, we provide a deep dive in China’s potential for currency devaluation and potential challenges they may face in wielding it as a weapon. We will also give a general overview of …
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InstitutionsMarkets & Economy » Market Falls on Recession Fears
August 15, 2019 | Market Commentary
Yesterday, the US stock market suffered one of its worst selloffs of the year. The S&P 500 fell 2.9% as investor fears for an upcoming recession intensified. The market decline was sparked by an ominous sign in the bond market. The yield on the 10-year Treasury fell below the yield on the 2- …
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All AudiencesLibrary » August 2019 Perspective
August 05, 2019 | Market Commentary
On July 31, the Fed elected to lower its policy interest rate by 25 basis points (or 0.25%) to a range of 2.00% to 2.25%. This was the first time the Fed has lowered interest rates since the financial crisis began over a decade ago.
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