Weekly Market Update | February 10, 2017
The role of manufacturing relative to the total U.S. economy continued its decline in 2016. The U.S. economy reported a $502 billion trade deficit, the largest deficit since 2012 and the 41st consecutive since 1975. In stark contrast, the U.S. services sector reported a $247 billion trade surplus over the same period.
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Weekly Market Update | February 3, 2017
January nonfarm payroll rose by 227,000 new jobs, well ahead of 171,000 expected. Although this marked the strongest gain in NFP since last September, including a labor-force participation rate increase of 0.02% to 62.9%, labor market slack remains evident, with the unemployment rate (U-3) rising to 4.8% from 4.7% and the underemployment rate (U-6) rising to 9.4% from 9.2%.
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Weekly Market Update | January 27, 2017
The Dow Jones Industrial Average soared past 20,000 when markets opened Wednesday on stronger-than-expected fourth-quarter earnings and policy announcements from President Donald Trump and his administration. The NASDAQ and S&P 500 also set new records, with all three indices gaining more than 1% last week.
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Weekly Market Update | January 20, 2017
The Presidency of the United States transitioned for the 44th time on Friday with the inauguration of Donald J. Trump. To paraphrase a letter from George H.W. Bush to Bill Clinton on the day of the latter’s inauguration; his success is now our country’s success.
View full January 20, 2017, report