“Watch Your Step” John Canally, CFA Economist LPL Financial Monetary policy took center stage last week, as the Federal Reserve (Fed) took another step toward normalizing monetary policy by raising the discount rate. Aside from another disappointing reading on jobless claims, the week’s economic data on the housing and manufacturing sectors came in better than [...]
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Weekly Economic Commentary
By Jeffrey Kleintop, CFA Chief market Strategist LPL Financial Events and data in recent weeks have prompted market participants to view the tailwinds that caused the markets to go sailing higher for much of 2009 as beginning to fade. They now view them as having become more balanced with the rising headwinds associated with increasing [...]
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Quote of the week. Reputation is what other people know about you. Honor is what you know about yourself.” – Lois McMaster Bujold 4Q GDP: 5.7%: That is the preliminary reading from the Commerce Department, and that is the best reading since 3Q 2003. Economists pointed out that much of the increase reflected companies rebuilding [...]
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Weekly Economic Update for the Week of April 26, 2010 by Rose Greene CFP®
by Rose Greene, CFP on April 27, 2010
Quote of the week It is wonderful what we can do if we are always doing – George Washington New home sales up … 26.9%? Yes. The stampede was on in March as buyers raced to qualify for expiring tax credits, leading to the greatest month-over-month jump in new home purchases since 1963. According to [...]
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