Date: August 2015
3 posts in August 2015
Data for July Durable Goods Orders was released today and provided further support for a positive view on the U.S. economy. On a headline level, orders rose by 2.0% from June which was revised up to a 4.1% increase from the initial report of 3.4%. Great news there, especially considering expectations were for a -0.4% decline….
Bringing it back to Rob Stein’s 2015 Outlook Report and discussion about the Fed and the expected rate hike for 2015. The possibility of this change in the rate dynamic would, in his opinion (and the rest of the Investment Committee’s), introduce volatility into the market. The report ended with this statement: “Whether the market…
My view of the US economy is for continued modest expansion. Our proprietary Astor Economic Index was essentially unchanged for the month and still showing that the US is solidly in an expansion. Today’s employment report was almost exactly as expected with 215 thousand net jobs added and a steady unemployment rate of 5.3%. These…