Weekly Market Commentary 11/17/2017
A full calendar of data this week provided further evidence that the economy entered the fourth quarter on a positive note. Consumers continued to flex their spending muscles, industrial companies revved up production and housing regained a firm footing. It’s still too early to make confident judgments about the fourth quarter, but at this juncture the economy is tracking a growth rate close to the 3.0% pace recorded in the second quarter. If that threshold were met – a distinct possibility – it would mark the third consecutive quarter that GDP growth hits or exceeds the 3.0% mark, something that has not been accomplished in more than a decade, dating back to 2004-2005.
- DATE: November 17, 2017
- TYPE: PDF
Featured Insights
Weekly Market Commentary 11/10/2017
As expected, significant fissures opened up between the House and Senate plans to overhaul the tax code, as evidenced by some major differences in the two versions unveiled by t
Weekly Market Commentary 11/3/2017
The financial markets had little problem digesting an onslaught of political, economic and policy developments this week.
Weekly Market Commentary 10/27/2017
The long-standing divergence between soft and hard data continues to narrow, as the economy delivered another solid performance in the third quarter.