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An Unremarkable GDP Report and Why Trend Growth is Still 2% October 27, 2017

By Bryce Coward, CFA in Economy

Today’s preliminary Q3 GDP number of 3% growth at a QoQ annualized rate has been met with a mix of relief and hope. Relief that one of the most destructive hurricane seasons ever didn’t completely sap growth and hope that two consecutive quarters of 3%+…

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How Much More Can We Eek Out of the Econ Data? October 26, 2017

By Bryce Coward, CFA in Economy

Several months ago we wrote that looser financial conditions should support economic data and stocks through year end. So far so good. Since then economic indicators such as the Markit manufacturing PMI have continued to chug higher and US stocks are up about 6%. With…

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Have We Seen Peak Home Price Growth this Cycle? October 20, 2017

By Bryce Coward, CFA in Economy

The rise in home prices from the trough in 2009 has added $8tn to home values, pushing the value of homes to a level surpassing the 2006 peak (chart 1). In order to accomplish such dramatic growth, home price growth outpaced nominal household income growth…

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Quarterly Strategy Update: Dynamic Undercurrents October 19, 2017

By Knowledge Leaders Team in Economy, Knowledge Leaders, Markets

Since the start of this year, the US Treasury market is signaling a scenario of rising growth expectations and falling inflation expectations, as reflected by the various components that comprise interest rates. In this quarter’s strategy update, Portfolio Manager Steven Vannelli, CFA, explores the following:…

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