A data sensitive environment has evolved into a wait and see scenario as the Fed’s uncertainty regarding interest rates continues to cause volatility in the equity markets. The third quarter was positive for equities as the technology and financial services sector provided gains for the major indices. For the quarter, the Dow Jones Industrial Average […]
The widely anticipated first official debate of this presidential election has come and gone, leaving a wake that has been keenly felt in the markets. In the polarizing battle between Hillary Clinton and Donald Trump, the market has already chosen its champion. Most large financial institutions are fearful of the unpredictability a Trump presidency would likely […]
Demographics play a significant role in how much we spend and how we spend it. Spending is primarily dictated by age where different needs and life essentials change and evolve as consumers grow older. Housing, transportation and food are the three largest expenses incurred by all age groups. As consumers move from their late 20s […]
U.S. banks have ramped up lending to consumers through credit cards at the fastest pace since 2007. The industry has accumulated an additional $18 billion of credit card loans and other types of revolving credit in the past three months. Data released by the Federal Reserve shows that the U.S. banking industry has seen credit […]
September Market Update Following over a month of very flat trading, September marked return of volatility to markets, albeit in jumps and starts. The first week of trading saw the market continue meandering laconically as was the trend through July and August. On September 9th, a cavalcade of Fed speakers were unleashed onto the public. […]
Short-term U.S. bonds have been rising slowly as long-term bond yields have been dropping, leading to a “flattening of the yield curve.” Such a dynamic helps bond analysts and economists to determine if there’s an economic slowdown or even inflation on the horizon. The Bank of Japan has unveiled an ambitious strategy to set a zero yield […]
Over the years, banks have experienced a metamorphosis from simple corner branches offering savings, checking and basic loans to mega financial entities offering investment products, mortgages, specialized lines of credit, investment banking and private banking. The dismantling of the depression era regulation, the Glass-Steagall Act, also known as the Banking Act of 1933, gave banks, insurance […]
Data released in August by the U.S. Commerce Department revealed that consumers were spending more than expected on a broad range of products and services. Such news is viewed as positive for economic growth since what consumers spend represents two-thirds of the country’s economic activity, as measured by GDP. Then a few days later in […]
August Market Performance August of 2016 was entirely a month of the summer doldrums. Despite various uncertainties surrounding when the Fed, the Brexit, and the Presidential election, August managed to take the prize as the flattest month this year so far. The S&P 500 closed with barely any change for the month, finishing just over […]
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