Economic data have consistently missed expectations recently as investors and Wall Street have struggled to quantify the impact of global trade and political risks. As shown in the LPL Chart of the Day, the Bloomberg U.S. Economic Surprise Index has dropped sharply...
Macro View Daily Insights Fed minutes. Traders will be looking for clues about the Federal Reserve’s (Fed) intentions for the terminal size and asset mix of its ~$4.5 trillion balance sheet when the minutes of last month’s monetary policy meeting are released at...
Economic growth could be lower than we initially expected this year, which could weigh on long-term rates. We’ve seen enough evidence recently to think 2019 gross domestic product (GDP) growth is likely to be closer to 2.5%, the lower end of our original 2019...
Macro View Daily Insights Revised economic forecasts. 2019 has been a busy year so far. The U.S. has weathered a 35-day government shutdown, global data have deteriorated further, trade headlines continue to dominate the news, and the Federal Reserve (Fed) has made a...
Macro View Daily Insights Bullish sentiment muted despite market strength. The S&P 500 Index is making its best start to a year since 1991, and underlying technicals suggest to us that a retest of the December 24 lows is unlikely. Still, bullish sentiment among...
