First Quarter 2020 – A World of Change

To say a lot has changed over the past 90 days would be an understatement. We began the year with a strong economic backdrop, robust employment, and what looked to be strong demand for housing heading into the Spring season. This helped fuel...

Fourth Quarter 2019 – The End of a Decade

Key TakeAways: 2010s will likely be remembered as a decade of disruption and prosperity Over the past decade, the labor market has improved, home prices and consumer spending have recovered and household balance sheets have continued to grow We believe the 2020s begin...

Third Quarter 2019 – U.S. GDP: Still Standing

Key TakeAways: U.S. economy has been resilient despite challenging headlinesInvestors may have to readjust U.S. GDP growth expectationsAverage 12-month U.S. GDP growth has been slower post-2008 vs. prior two business cyclesSlow growth doesn’t mean ‘broken’ economic growth Apple recently released a new marketing...

Second Quarter 2019 – Market Tug of War

KEY TAKEAWAYS: Financial markets experiencing ‘tug of war’ over path of monetary policyMonetary policy influences many parts of the economy, including stock prices, mortgages and spendingOver the past 18 months, we believe we’ve seen competing monetary policy views play out in real timeThe...