Monthly Economic Commentary

06/2017 Monthly Economic Commentary

PHILIP J. DEANGELO | Monthly Economic Commentary 06-16-2017

THE MONTH IN BRIEF May was another good month for stocks. The S&P 500 gained more than 1%, putting its YTD advance above 7.7%. While the housing market showed some spring weakness, hiring bounced back and most other important economic…

04/2017 Monthly Economic Commentary

PHILIP J. DEANGELO | Monthly Economic Commentary 04-01-2017

THE MONTH IN BRIEF Stocks went sideways rather than north in March, with the S&P 500 losing just 0.04%. The Federal Reserve made another quarter-point interest rate move, and overseas, the United Kingdom initiated Brexit proceedings. While new data showed…

02/2017 Economic Commentary

PHILIP J. DEANGELO | Monthly Economic Commentary 02-01-2017

THE MONTH IN BRIEF Stocks advanced again in January. The Dow Jones Industrial Average closed above 20,000 for the first time, and the S&P 500 gained 1.79% on the month. As January ended, politics took center stage: investors focused first…

01/2017 Economic Commentary

PHILIP J. DEANGELO | Monthly Economic Commentary 01-01-2017

THE MONTH IN BRIEF While the Dow Jones Industrial Average did not top 20,000 in December, it did advance nicely, gaining 3.34%. The Federal Reserve took its interest rate target to 0.50-0.75%, adjusting the federal funds rate for just the…

12/2016 Economic Commentary

PHILIP J. DEANGELO | Monthly Economic Commentary 12-01-2016

THE MONTH IN BRIEF November was certainly newsworthy, presenting investors with three historic moments. First, Donald Trump won the presidency in a stunning upset that confounded political analysts. Next, the stock market rallied spectacularly after receiving that unanticipated news –…

11/2016 Economic Commentary

PHILIP J. DEANGELO | Monthly Economic Commentary 11-01-2016

THE MONTH IN BRIEF Bulls were reined in during October. The S&P 500 lost 1.94% as Wall Street responded unenthusiastically to the fall earnings season. Even though much of the economic news that emerged in October was good, investors saw…

10/2016 Economic Commentary

PHILIP J. DEANGELO | Monthly Economic Commentary 10-01-2016

THE MONTH IN BRIEF Investors had plenty of news to absorb in September: the latest monetary policy statement from the Federal Reserve, the Wells Fargo fiasco and the crisis involving Deutsche Bank, and a major deal forged between OPEC member…

08/2016 Economic Commentary

PHILIP J. DEANGELO | Monthly Economic Commentary 08-15-2016

THE MONTH IN BRIEF The post-Brexit bounce turned into a sustained rally across July. Second-quarter earnings were not as gloomy as anticipated, and core economic indicators often matched or surpassed expectations. Housing news was generally good, and the latest jobs…

07/2016 Economic Commentary

PHILIP J. DEANGELO | Monthly Economic Commentary 07-01-2016

THE MONTH IN BRIEF In June, an overseas referendum affected American stocks more than any domestic event. The United Kingdom unexpectedly voted to leave the European Union, and news of the Brexit rocked financial markets worldwide. Even so, the S&P…

06/2016 Economic Commentary

PHILIP J. DEANGELO | Monthly Economic Commentary 06-01-2016

THE MONTH IN BRIEF Investors did not exactly “sell in May and go away” – the S&P 500 gained 1.53% last month. Oil prices settled into a sweet spot of sorts; they were high enough to soothe analysts, but not…