Macro View Daily Insights Economic growth forecasts tracking above 3%. With half of the second quarter now in the rearview, consensus forecasts are tracking to 3.1% gross domestic productgrowth for this quarter, while forecasts from the Atlanta and New York Federal...
Oil has been on the rise since last June, when prices hit an interim low of about $42.50 before crossing $70 for the first time since 2014 on May 8. The next day, President Trump announced the U.S. would be withdrawing from the Iran nuclear deal. As discussed in...
Macro View Daily Insights The impact of a 3% 10-year yield. The 10-year Treasuryyield continues to hover near 3%, but we feel this level is more important psychologically than it is for the bottom line of investors or borrowers. A 3% yield on a high-quality 10-year...
US: S&P 500 Index +2.4%, Dow +2.3%, Nasdaq +2.7% Europe: STOXX Europe 600 +1.4%, German DAX +1.4%, France CAC 40 +0.5%, U.K. FTSE 100 +1.3% Asia: Japan Nikkei +1.3%, China Shanghai Composite +2.3%, Korea KOSPI 0.7% Rates/Commodities:...
The S&P 500 Index closed at its highest level since March 16 yesterday and is now up 1.85% for the year. But, what’s the significance? Well, since 1970, when the S&P 500 has closed higher year-to-date (on any day) during the month of May, the index’s total...
