Month: October 2013

October
30

Provided by: Jon McGraw

Fed Update – October 30, 2013

We didn’t expect a lot from this relatively minor Fed meeting, one that doesn’t even offer a press conference afterward.  With QE taper expectations being pushed off again to at least December or January, as well as a 16-day government shutdown that resulted in a disruption in the compilation of economic data, there weren’t as…

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October
28

Provided by: Jon McGraw

Economic Notes – October 28, 2013

Now that the government is back open for business, we again have our flurry of economic items. (0/-) Durable goods orders for September came in mixed, with the headline number gaining +3.7% versus a forecasted +2.3%.  Removing transports from the orders group was a negative, as commercial/non-defense airplane orders played a significant role in total…

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October
21

Provided by: Jon McGraw

Halloween! Do We Have the Holy Grail?

Curse of Chucky, Scream 2, Final Destination 5, Freddy vs. Jason… You know Halloween is nearly upon us when you can’t surf channels without exposing yourself to or relishing in a multitude of horror flick sequels. Propagating alarming situations seems to be all the rage in Washington, too. Last week, a last-minute deal raised America’s…

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October
21

Provided by: Jon McGraw

Economic Notes – October 21, 2013

Global investors were relieved when President Obama signed H.R. 2775 into law last Thursday, effectively ending the government shutdown and funding it through Jan. 15, 2014. The law also extends the country’s debt limit through Feb. 7, 2014. Due to the shutdown, several federal agencies were unable to release September economic reports on measurements such…

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October
14

Provided by: Jon McGraw

Congress & The Fed

The Markets Do world stock markets believe Congress is just offering up some Halloween excitement? Last week, they responded to the government shutdown in the United States and the possibility the U.S. might default on its debt for the first time ever with the bravado of teenagers standing in line for a haunted house. Markets…

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October
14

Provided by: Jon McGraw

Economic Notes – October 14, 2013

Sadly, the effects of the government shutdown are finally starting to trickle down to our weekly review. Since the federal government is responsible for compiling a fair number of these releases, we have just a few economic data points available for last week. We would have normally expected results for September retail sales (a closely-watched…

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October
07

Provided by: Jon McGraw

Q3 Wrapup – Go America!

For Sturm und Drang enthusiasts, the third quarter of 2013 held plenty of mayhem and emotion. It began with an overthrow of Egypt’s democratically-elected government and ended with the United States government at risk of defaulting on Treasury and government obligations. In between: Fed officials had a lot to say. Like background music that manipulates…

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October
07

Provided by: Jon McGraw

So, the government has shut down. Now what?

The government in fact did shut down, which was a bit of a surprise to many who expected a last minute deal.  However, contention is so pervasive in both houses that they just couldn’t get there.  While essential services, such as the military, law enforcement, air traffic control and asteroid watch are still happening, other…

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October
07

Provided by: Jon McGraw

Economic Notes – October 7, 2013

(+) The ISM manufacturing index for September was a bit stronger than anticipated, rising from 0.5 points from August, coming in at 56.2 versus an expected 55.0. This is the highest point for the ISM since April 2011. The details weren’t quite as dynamic as the headline, with declines in new orders but better numbers…

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