Weekly Market Update | January 13, 2017
Undetermined economic and fiscal policy has led to a recent flattening in domestic equity markets and a decline in the dollar against rival currencies. Investors remain optimistic, proved by the run-up of the dollar and equity markets before President-elect Donald Trump’s first press conference since winning the presidency.
View full January 13, 2017, report
Weekly Market Update | January 6, 2017
Welcome to 2017. The year 2016 may be later defined as one of surprise outcomes, most notably for the Brexit vote and the U.S. presidential election. In addition, the Federal Open Market Committee (FOMC) voted to lift the fed funds rate by 0.25%, to 0.75%, in December with guidance for as many as three additional rate hikes in 2017.
View full January 6, 2017, report
Weekly Market Update | December 16, 2016
The Federal Reserve raised interest rates by unanimous vote. The Federal Open Market Committee (FOMC) increased the federal funds rate by 0.25%, to a range of 0.50% to 0.75%, citing “realized and expected labor market conditions and inflation.”
View full December 16, 2016, report
Weekly Market Update | December 9, 2016
It was a wild ride in the municipal market. Reversing course from aggressive selling and buyer resistance from the prior week, municipals delivered an impressive 20-basis-point rally midweek, including some tightening in credit spreads.
View full December 9, 2016, report