Timeless ideas to guide client portfolios.
The Chinese economy delivered many surprises in the first half of the year, disappointing (yet again) the pundits who predicted a hard landing. Macroeconomic data published over the weekend is consistent with a healthy economy, driven by impressive wage growth and consumer spending, and supported by strong earnings growth.
In our update last month, we noted that the federal government could shut down on April 29 for lack of Congressional funding, a development that might have market consequences.
Earlier this week, President Trump issued a proposed government budget for FY2018 calling for the largest reduction in domestic program spending since the aftermath of World War II.
Earlier this week, the Republicans issued their plan to replace the Affordable Care Act (Obamacare). As the Republican plan became public, I joined the CNBC Nightly Business Report to discuss the plan and how the markets are likely to react.
Dramatic growth offers significant opportunity for the index fund industry, but not without its risks. As assets move from active to passive management, what systemic danger lurks? What market disruptions might occur with a concentration of assets backed by monolithic indexes on autopilot?
President-elect Trump and the Republican-led Congress have said that one of their top priorities is the passage of tax reform in 2017.
A number of weeks ago – before the release of the Access Hollywood tape that threw Donald Trump’s campaign into turmoil – we predicted that Hillary Clinton would win the presidential election.
With five weeks to go, we believe that Hillary Clinton will win the presidential election. Clinton will carry the Democrats to a Senate majority, but her administration will face a Republican House.