Weekly Market Recap This week the Federal Reserve (Fed) held interest rates steady, as expected, expecting future rate increases to be "gradual" as the economy expands at a "moderate pace". The US posted respectable data on new home sales. Durable goods orders suggested the US manufacturing sector has some momentum, bolstered by growth in US exports for March. Early estimates of Eurozone GDP for the first quarter of 2016 showed growth of 2.2% year-over-year, ahead of most expectations. Generally, notwithstanding the spike in growth early in 2010 and 2011 coming out of the last recession, real global growth has fallen within a 3% to 4% range. The International Monetary Fund (IMF) projects it to continue to do so for the coming years. Currently, global growth is closer to the more muted levels seen in the 1980s than the higher growth experience in the 1990s, according to IMF data. Economists continue to view the overall recovery from the last recession as relatively slow and gradual. This broad economic picture has potentially contributed to softer global equity market returns in 2014 and 2015, as global economic growth has generally fallen at the lower end of expectations. Notes:
US Federal Reserve FOMC Statement
http://www.federalreserve.gov/newsevents/press/monetary/20160427a.html
Eurozone Q1 GDP
http://www.nytimes.com/2016/04/30/business/international/eurozone-economy-q1.html?_r=0
Historic Global Economic Growth
http://www.imf.org/external/datamapper/index.php Disclaimer:
The views expressed are for informational purposes only and are not intended to serve as a forecast, a guarantee of future results, investment recommendations or an offer to buy or sell securities by FutureAdvisor. All expressions of opinion are subject to change without notice in reaction to shifting market, economic political conditions, and as subsequent conditions vary. The investment strategies mentioned are not personalized to your financial circumstances or investment objectives, and differences in account size, the timing of transactions and market conditions prevailing at the time of investment may lead to different results. This material may contain "forward-looking statements": information that is not purely historical in nature. Clients may lose money. Past performance is not indicative of future results. Investments in securities involve the risk of loss. Any tax strategies discussed should not be interpreted as tax advice and do not represent in any manner that the tax consequences detailed will be obtained. Clients should consult with their personal tax advisors regarding the tax consequences of investing. Your Portfolio Summary | $9,457.84 * Your Total Assets | Ways To Improve Your Portfolio | 0 Accounts with Actions | Your portfolio has no recommended actions right now. We'll watch over your investments and alert you with an email when there are actions for you to complete. Sign in to see detailed steps  | | Sign in to see your full dashboard | * All amounts are as of the sent date of this email | 
No comments:
Post a Comment