Category Archives: Macro/Sector News

Indexes at All-Time Highs – Fear at All-Time Lows

The markets broke their previous highs on Friday and continue to juggernaut through the beginning of the final quarter of 2017.  Auto sales have risen at the fastest pace of the year. Expected corporate tax cuts from the Trump presidency … Continue reading

Posted in Consumer Confidence, Macro/Sector News, Rate Hike, stock market, tax, Trump | Tagged , , , , , | Leave a comment

Will Harvey and Irma Aftermath Affect Rate Hikes?

September US job reports have shown a monthly decrease for the first time in seven years with 33,000 jobs lost. The market believes these numbers are ephemeral and a result of Harvey and Irma’s repercussions in primarily the restaurant industry. … Continue reading

Posted in Jobs Report, Macro/Sector News, Rate Hike | Tagged , , , , , | Leave a comment

Puerto Rican Bonds – “You can say goodbye to that”

In May, Puerto Rico filed for bankruptcy, the greatest US municipality bankruptcy in history. Bond prices plummeted and a deal to repay about a quarter of face value over the next ten years was struck. Recently, category four Hurricane Maria … Continue reading

Posted in Bonds, Macro/Sector News, Puerto Rico, Trump | Tagged , , , , , | Leave a comment

Oil Outlook – Iran and Nate

Crude oil has fallen slightly this week, with WTI closing at $49.44 and Brent at $55.72. Prices fell on Thursday due to increased exports from the US. On Friday, fear of refineries closing from Tropical Storm Nate depressed oil prices. … Continue reading

Posted in Iran, Macro/Sector News, Oil, Trump | Tagged , , , | Leave a comment

U.S. Government Bonds Weaken

U.S. government bonds weakened Friday, September 29 due to investors response to strong economic data and the prospect of new leadership at the Federal Reserve. The yield on the benchmark 10-year Treasury note rose to 2.328% from 2.309% on Thursday, … Continue reading

Posted in Bonds, Federal Reserve Bank, Macro/Sector News | Leave a comment

Trump’s Tax Plan

President Donald Trump and GOP leaders proposed sharply reducing tax rates on businesses and many individuals and ending estate taxes. Under this plan, the corporate tax would fall to 20% from 35% and the top rate on individuals could drop … Continue reading

Posted in Macro/Sector News, tax | Leave a comment

U.S. Economic Outlook Hampered by Declines in Consumer Spending

According to reports from the Commerce Department on Friday, spending at U.S. retailers fell 0.2% in August, along with lower than expected consumer spending data in July.  In addition, retail sales increased only 0.3% in July, compared to expectations of … Continue reading

Posted in Macro/Sector News | Tagged , , | Leave a comment