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Financial Outlook 2021
OUTLOOK Our Financial Market Outlook 2020 cited the biggest risk to the economy and financial markets as some type of exogenous shock. Boy, did we get a shock, Covid-19! To add gasoline to the fire, the shock arrived just in time for an extremely contentious election year. Now that the election chaos is behind us…
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Market Commentary March 2021
Monthly Commentary March 2021 OVERVIEW The economy just keeps powering ahead despite those still squeezing out the last vestiges of Covid-19 fear. Manufacturing is just red hot. February’s national ISM Manufacturing Index not only reported very strong increasing strength over January, but the level of “new orders” will power even more growth into the second…
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Market Commentary October 2020
Monthly Commentary October 2020 OVERVIEW The month was dominated by an overwhelming amount of positive economic news. The dollar volume of Durable Goods manufacturing for August exceeded February’s level by 1.9%. Regional Fed manufacturing reports for September showed increases of 100% to 300% over August’s levels. Perhaps most importantly were the substantial increases in the…
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Weekly Commentary October 9, 2020
Weekly Commentary Week ending October 9, 2020 OVERVIEW The week started out with a bang from Monday’s release of the September ISM Services Index which had another strong reading higher than August’s; more importantly, an indicator of future business activity moved up to an even stronger reading. Jobs data made further improvements while housing continued…
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Weekly Commentary September 25, 2020
Weekly Commentary Week ending September 25, 2020 OVERVIEW It was a stellar week for US economic news. Two regional Fed district manufacturing reports for September displayed continued strong growth in one case and a 66% monthly increase for the highest reading in two years for the other. The national Durable Goods report for August displayed…
