Month: September 2014

September
29

Provided by: Jon McGraw

Economic Notes: September 29, 2014

Economic news was generally mixed on the week, with housing providing a slightly more optimistic tone. GDP for the 2nd quarter was revised a bit higher as well, casting a more positive light on the prior period. Markets experienced a bit more volatility this week, ending in the negative, with U.S. blue chips the best…

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September
29

Provided by: Jon McGraw

Lessons In Career Management, Economics, and Investor Impulse

Last week offered some lessons in career management, economics, and investor impulse, among other things. Derek Jeter, the well-loved Yankees shortstop, finished the final home game of his career by smacking a game-winning hit. Throughout his last season, ticket prices for Yankees games soared on the secondary market with $16 bleacher seats selling for more…

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September
22

Provided by: Jon McGraw

Economic Notes: September 22, 2014

Aside from the FOMC meeting—where language was scrutinized but little actually changed—the economic week was mixed. Several regional economic indexes came in with positive results, inflation was virtually unchanged and housing results were a bit disappointing relative to expectations. Equity markets were higher in the U.S. with a lack of hawkish surprise from the Fed…

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September
22

Provided by: Jon McGraw

Fed Impending Rate Hike as Popular as New Coke

About 25 years ago, Peter Jennings interrupted General Hospital to tell the nation Coca-Cola had decided to bring back its original recipe. The nation was thrilled and sales soared. The Federal Reserve’s impending rate hike is about as popular as the New Coke; however, no soap operas were interrupted last week when the Open Market…

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September
17

Provided by: Jon McGraw

Fed Notes: September 17, 2014

The Fed meeting ended with few things changing (updated language reflecting the environment), but more important things (rate policy) not changing.   The ‘taper’ continued, at an additional reduction pace of $5 mil. Treasuries and $5 mil. MBS, and QE was slated to end at October’s meeting. Two committee members dissented today, albeit for slightly…

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September
15

Provided by: Jon McGraw

Economic Notes: September 15, 2014

In a slower week for economic data, results came in tempered to positive (retail sales being a more important release), but included no major surprises. Geopolitically, the highlight originated from a developed market this time, as polls showed a stronger possibility of Scotland’s secession from the United Kingdom before this coming week’s vote. Equity and…

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September
15

Provided by: Jon McGraw

Interest Rate Fairy Tale Wishes

If you’re familiar with fairy tales, you’ve probably encountered a story or two that involves the granting of wishes. Usually, these are cautionary tales. Well, there was some wishing going on around the globe last week and, if the wishes come true, the outcomes may be less beneficial than anticipated. In the United States, some…

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September
08

Provided by: Jon McGraw

Déjà Vu – Magically Bad News Becomes Good News

It’s déjà vu all over again! Last year, pundits and analysts tried to discern when the Federal Reserve might begin to end quantitative easing by reading economic tea leaves. For months, bad economic news proved to be good news for stock markets. This year, investors are seeking signs which might indicate when the Fed will…

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September
08

Provided by: Jon McGraw

Economic Notes: September 8, 2014

Economic data for the week came in fairly strong, highlighted by the ISM manufacturing report, which is closely watched by markets. However, the August employment situation report for August was a bit disappointing. S. stocks gained on decent economic data and eased geopolitical tensions; bonds lagged on higher rates. (+) The ISM manufacturing index for…

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September
02

Provided by: Jon McGraw

Economic Notes: September 2, 2014

A busy week of economic data releases boosted by an upward revised Q2 real GDP growth rate, a double-digit monthly gain of durable goods orders in July and better than expected consumer confidence going into the back-to-school shopping season. Mixed housing sales data in July combined with more modest price appreciation and higher housing inventory…

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