The pound traded at its lowest levels versus the dollar since 1985, off 22% from its June high before the Brexit vote. The pound’s strength has become incredibly contingent on the outcome of Brexit, placing tremendous pressure on the currency at a critical time. There has been a steady descent in the pound since the […]
Building of new single-family houses rose 8.1 percent in September, according to the most recent data made available by the Commerce Department. Yet the annual rate of 783,000 housing starts remains well below the historical average of more than one million new homes per year. While demand is high and enthusiasm for home ownership is […]
The International Monetary Fund (IMF) tracks global economic growth in order to better assess the social and economic health of emerging and developed countries. In its latest report released in October, the IMF revised its growth forecasts for both international and U.S. economies. It is expecting that international growth will be marred by Britain’s vote […]
November Market Performance November has already proven to be quite an eventful ride as markets digest and realign to the reality of the incoming Trump presidency. The prevailing narrative before the election was that Trump would be bad for markets and we would see a momentous crash and dire economic consequences. In fact, as the […]
October Market Performance While a variety of factors pulled the market in various directions in October, the overwhelming influence was most definitely the uncertainty surrounding the presidential election. As such, all indices trended down, with the S&P 500 notably dipping below 2150 and being unable to meaningfully rise above that level again for the rest […]
U.S. crude oil prices reached a 15-month high of $51.60 a barrel in mid October, following reports of falling oil inventories and a deal by OPEC members to curtail production. The current rise in oil prices is especially good for U.S. oil exploration and drilling companies, where breakeven costs are less than most international counterparts. […]
The financial markets embraced a Trump victory, sending stock prices to higher levels following a nine day consecutive decline in anticipation of uncertain election results. Market performance following presidential elections have varied over the decades, however, Trump’s affect on the S&P 500 Index of 1.11% was one of the best for both Democratic and Republican […]
With the election over, we can all rest easy as the markets return to normal, right? Unfortunately, it seems like it isn’t going to be that simple. Through the election season, the narrative has been that come election day, if Clinton won, markets would rally, while a Trump presidency would trigger a selloff. In the […]
Pre-election jitters led to market stagnation as equities struggled through October. With this extraordinary political year coming to a close, the results of the election will carry over to 2017 as markets digest new policies and legislative changes. U.S. equity markets have not been enthused by the Fed’s hesitation to prolong a rise in rates. […]
A strong dollar eroded some corporate earnings as U.S. companies with offshore revenue found it tougher to generate profitable sales. The U.S. dollar has been moving higher against most developed and emerging currencies in anticipation of a rate rise before year-end. The energy sector, which currently represents 7.3% of the S&P 500 Index, has been […]
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