By David O'Malley | July 31, 2017
Last week saw strong corporate earnings and continued growth in the U.S. economy. U.S. GDP for the second quarter was 2.6% according to the Bureau of Economic Analysis’ advanced estimate. The strength in the economy was driven by robust business investments for the quarter. Further, the failure of the Republican plan to repeal and/or replace the Affordable Care Act drove headlines last week.
By David O'Malley | July 24, 2017
Last week, markets traded mainly range bound as economic data and corporate earnings met expectations. In the week ahead, market participants will be closely watching for any clues from the Federal Open Market Committee (FOMC) statement on Wednesday. The Federal Reserve is widely expected to keep interest rates unchanged, but the meeting could provide important information on future policy.
By David O'Malley | May 15, 2017
The S&P 500 failed to break the 2400 level last week but did set an all-time closing high of 2399.63 on Wednesday, May 10. The market continues to drive higher, led by technology stocks and decent first quarter earnings. I expect stocks to continue to grind higher for the next several weeks.
By David O'Malley | January 23, 2017
The inauguration stole the headlines last week, and I expect it will be no different in the week ahead. With the anticipated repeal of The Affordable Care Act, cabinet appointments and the planned meetings with world leaders, including U.K., Canada and Mexico, the activities in Washington will continue to keep the media’s attention. Amid this, I believe market participants will start to turn their attention back to the economy and earnings, both of which will be prominent in the week ahead.
By Zhiwei Ren | December 22, 2016
This week’s chart shows the history of global trades as a percentage of gross domestic product (GDP). In the last few years, global trade has stagnated. Now, with political populism gaining ground in major countries, it is likely globalization has peaked at this cycle, which will effect asset pricing and the broader economy.
By Greg Zappin | October 27, 2016
Oil, copper, steel, gold and other industrial and precious metals tend to garner most of the attention in the credit markets when talking about the commodity complex. Rightly so, as they serve as proxies for global gross domestic product (GDP) growth, flight to quality/risk sentiment and Chinese demand.
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