Investment Outlook

 

Economic Outlook Highlights

March 2017     |  Economic Outlook Highlights  (PDF/New Window)
March 2017     | – Economic and Investment Commentary (PDF/New Window) March 2017 | Economic Outlook Highlights
The truth probably lies somewhere between a seeming disconnect between “real-time” first-quarter growth estimates of about 1% and solid underlying data now clouding the outlook for inflation, interest rates, and corporate profits. Underlying themes supporting a return to respectable, 2.5% growth remain intact, including consumer and housing-led growth contributing to strength in manufacturing, despite weak international competitiveness, and strength extending to late-cycle business investment.
View an archive of Economic Outlook Highlights, brief summaries of the economic and financial market outlook along with issues affecting stocks and bonds.


Briefings and Commentaries

March 24, 2017 – Market Comment (PDF/New Window)
March 24, 2017 | Market Comment (PDF/New Window) March 24, 2017 | Market Comment
A domino effect? The health-care debate stole the show in the latest week, leaving stocks seesawing lower on a decision to pull the GOP reform bill from a vote Friday. The market’s setback was on the leading edge of declines across "risk" assets included in our simple investment basket, leaving the group at a four-week low against a similarly constructed "safe-haven" portfolio. The S&P 500 ended the week at a mid-February low with its steepest decline since just before the election in a fairly broad, deep sell-off across nine of 11 sectors and 109 of 143 constituent industries. Gains confined to dividend-rich utilities and real estate were supported by a drop to a one-month low of 2.42% on the competing 10-year Treasury yield, responding to the rotation from stocks, subdued inflation expectations and to lingering fall-out from a soothing communique accompanying the Fed’s mid- March rate increase. Lower yields and a narrowing gap between those on short- and longer-term securities left financial services well behind the pack on concern over the implications for net interest margins steering bank profitability.
View an archive of briefings and commentaries that provide detailed analyses of the current economic climate and investment conditions.

Gary Schlossberg

Senior Economist

Gary SchlossbergAs senior economist, Gary Schlossberg is responsible for assessing the economic environment and providing input to the equity and fixed-income portfolio management teams at Wells Capital Management.

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