– Despite the recent pickup in capex and robust manufacturing activity, industrial companies have not benefited from the strong manufacturing environment this year. – The industrials sector is in position to potentially play catch-up; however, escalating trade...
– The U.S. economy has begun to reap the benefits of supportive fiscal policy, e.g., lower tax rates, deregulation, and increased government spending. – The breakdown of GDP by economic sector helps to highlight the drivers of strong GDP growth and how fiscal policy...
– Job growth for May and June averaged 258,000 with the revisions, the strongest two-month period since July 2016. – These strong summer months lifted 3-month average payroll growth to 224,333 and 1-year average payroll growth to 200,000. Click here to download a PDF...
– Core PCE rose +1.9% year over year in June, just below the Fed’s target of 2%. – We believe the current core PCE reading must be viewed in the context of stable prices, rather than runaway inflation. Click here to download a PDF of this report. Source: LPL...
– The average yield on the 10-year Treasury over the last 50 years has been just over 6.4%. – Today, with a 10-year yield of 2.99%, an investor would need to hold $3.3 million in Treasuries to generate $100,000 of income per year. Click here to download a PDF of this...
