News & Insights

Equity markets did an about-face during the quarter, generating the largest quarterly advance since the third quarter of 2009

Questions about the future health of the economy, the FOMC’s decision to raise short-term interest rates at its September meeting and slowing earnings growth were a few of the drivers impacting markets during the quarter.

The US economy has experienced a late-cycle acceleration, and if growth remains positive through July 2019, it will become the longest expansion in history.

The US economy remains strong, and although the current expansion is now the second longest in history, the consensus among economists is that the prospects for further growth are solid.

The global economic environment continues to benefit from a rebound in demand and generally accommodative monetary policies

The consensus among economists is that the recently passed tax reform package is likely to provide a significant short- to intermediate-term boost to the economy

Despite bitter divisions in Washington, flashpoints in North Korea and Iran, and a devastating hurricane season, the US economy continues to churn ahead

The US economic expansion is now eight years old, and is the third-longest on record, trailing only the expansions of the 1960s and 1990s.

In recent quarters, the U.S. economy has proven to be a stable, steady grower, and according to most economists, few dark clouds are on the horizon.

Had we told our clients last January we were certain that oil prices would double by year end, citizens of the United Kingdom would vote to leave the European Union and Donald Trump would be elected president they would likely have questioned our sanity and told us to raise cash in their portfolios!