Posts in Market Commentary
Curve Ball: Is the Yield Curve Signaling the End of the Expansion and the Bull Market?

For nearly 10 years the U.S. economy has been in a prolonged period of growth without a recession. Among the 12 economic expansions since World War II, the current one, which started in mid-year 2009, is the second-longest in duration at 117 months (as of March 2019). Only the economic expansion in the 1990s was longer. At this stage, it would be reasonable for investors to ask: "Is the U.S. overdue for a recession and a bear market?" Click here to keep reading.

Source: Innovest

Confronting the Market Setback

“By the end of the summer I became convinced that the United States equity market was setting itself up for a powerful post mid-term election rally. The economic fundamentals were strong: unemployment was at a 40-year low and real growth was better than 3%; the Federal Reserve was raising rates, but that was only a noble attempt to creep back to normal levels for the later stages of a business cycle. The yield curve was likely to remain positive, inventories were not excessive and leading indicators were still rising.” Click here to continue reading.

Source: Blackstone
 

April 2013 Market Commentary

The Economy

The U.S.

Now five years past the height (or trough, as it were) of the sub-prime crisis, the U.S. economy continues to fight on.  Like a weary boxer enduring countless rounds of punches, the economy battles through bad headlines and government uncertainty.  The latest data revealed that the U.S. economy grew at a 2.5% annual pace in the first quarter of 2013.  While this growth is higher than other recent readings, it was nonetheless below expectations

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