It Will be Tough for High Yield Spreads to Narrow Further From Here
The ECB: A Little More Easing Before a Thorny Exit
ECRI Weekly Leading Index: "Early and Late Cycle Verdicts are Baseless"
The Philly Fed ADS Business Conditions Index Update
Happiness Revisited: A Household Income of $75K?
S&P 500 Snapshot: Struggling with Short-Term Resistance
RecessionAlert Weekly Leading Index Update
Secular Trends in Residential Building Permits and Housing Starts
Existing-Home Sales Increased in September Due to First Home Buyers
Conference Board Leading Economic Index Increased in September
Philly Fed Manufacturing Index Continues to Improve in October, Better Than Expected
Weekly Unemployment Claims: Up 13K, Disappoints Forecast
Mark Zandi: Why Trump is Wrong and We Need Immigrants
Immigration policy is the biggest divide between Hillary Clinton and Donald Trump. U.S. growth will falter unless the measures proposed by Clinton are adopted to spur increased immigration, according to Mark Zandi. Trump’s policies, Zandi contends, will put the U.S. on a trajectory similar to Japan’s “lost decade.”
Equity Market Review and Outlook
We expect equities to continue their slow uptrend into next year.
When does active beat passive in small-cap?
Can the shift to value account for the improved relative results for many small-cap active managers in the last year?
Quarterly Macro Insights: October 2016
Senior Global Economist James Balfour explores some of the key macro themes influencing global markets.
Bond Market Review & Outlook
Fiscal policy developments could create bond market volatility going forward, but historically low interest rates are likely to persist.