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Recent Updates

A Status Check on the Markets/Economy as 2017 Gets Underway

Weekly Commentary, February 10th, 2017

 

Summary 

  • Equity markets were positive domestically with U.S. stocks (S&P 500) up 0.95% and flat for international stocks (EAFE).

  • Fixed income markets were positive with investment grade bonds (AGG) up 0.42% and high yield bonds (JNK) up 0.05%.

  • Brexit – Britain’s lower house of Parliament passed legislation Wednesday that allows Prime Minister May to begin the process of exiting the EU.

  • Japan – the Bank of Japan announced Friday an increase to their bond purchases, which pushed the Nikkei Index up 2.5%.

  • Oil – after some volatility in recent weeks that spilled into other markets, oil is trending back up to $54 a barrel. This in part due to greater adherence than was expected by OPEC members regarding agreed production cuts.

  • Tax Cuts – equity markets rallied to end the week in part due to comments by President Trump regarding impending tax-reform.

  • Commentary: This week we look at the current conditions of the stock market and economy to gain some insight into how the year is shaping up.

 

To read the full commentary, click below!

Weekly Commentary

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