Macro Economic Overview – November 2020

With the election over, a lingering uncertainty has been removed as expectations of how fiscal policy and stimulus programs funded by government debt may evolve. Some economists and market analysts project eventual higher taxes along with an expanding fiscal deficit. …

Uncertainty From Presidential Race Drove Volatility In October

U.S. equities zigzagged throughout October as uncertainty surrounding the election and a second stimulus package instilled volatility. Global developed market equities declined in October as earnings became more of a concern among companies throughout various industries. In the U.S., the …

The Reemergence of Stagflation – Economic Trends

Recent government data that tracks inflation, known as the Consumer Price Index (CPI), has been rising steadily since the onset of the pandemic in March. Economists believe that the rise can be construed as either a rebounding economy or as …

International Migration Plummets – International Dynamics

International migration plunged 46% over the past year as the pandemic has hindered mobility for millions of migrant workers worldwide. The Organization for Economic Cooperation and Development (OECD) tracks the issuance of new visas and permits by the organization’s 37 …

Macro Economic Overview – October 2020

Worries regarding a second wave of infections heading into the fall, election uncertainties, and wavering economic indicators contributed to a dubious September. Equities paused from their upward trajectory in September, with technology stocks repelling from their highs. Uncertainty surrounding vaccine …

Rates Vacillate As Stimulus Efforts Unresolved

The Federal Reserve continues to purchase $120 billion of Treasury and mortgage agency bonds each month, expanding its balance sheet to over $7 trillion as of the end of September. The monumental buying is meant to facilitate bond market activity …

What’s In Store For The Housing Market

Euphoric media reports about the housing market are starting to come into question, as the fragility of the housing market is gradually being exposed. The FHFA House Price Index revealed that housing prices nationwide rose a paltry 5.4% in the …

Hunger Becoming A Concern Globally As COVID Takes Hold

The effects of the Covid-19 pandemic yields much uncertainty and concern as the world sees trending patterns towards a global hunger crisis. The projected increase is expected to surpass outstanding numbers within the past century. Changes in the global supply …

Americans Saving More Amid Pandemic – Consumer Behavior

Store and restaurant closures have prompted consumers nationwide to stay home, spend less, and save more. Dwindling consumer confidence along with uncertainty surrounding the job market, has shifted many from a spending mode to a saving mode. The average savings …

Rising Inequality Within American Cities – Municipal Overview

The pandemic’s effect on American cities yields much uncertainty of the sociological impact on individuals and communities. The economic correlation to social matters draws a big concern on the pandemic’s impact on worsening social inequalities as lower class Americans continue …

California First State To Require Zero-Emission Vehicles

The governor of California issued an executive order in September requiring that all automobiles sold in the state would be zero-emission by 2035. The announcement gives auto manufacturers 15 years to transition from gasoline and diesel engines to zero-emission engines. …

Macro Economic Overview – September 2020

U.S. equity indices rebounded in August to pre-pandemic levels that were last reached in early March of this year. The dramatic recovery in equity valuations came about very quickly and unexpected by numerous market analysts and economists. The Federal Reserve …

Rates Rose Slightly In August – Fixed Income Update

Rates rose slightly in mid-August, following a weaker than expected auction for U.S. government bonds. The yield on the 10-year treasury rose from 0.55 in early August to 0.71 in mid-August, representing nearly a 30% jump within two weeks. The …