Bouchey Blog
Written by: Ryan Bouchey July’s jobs number was reported this morning, and we’re a far cry from the paltry 24,000 jobs (originally thought to be 6,000 before today’s uptick) created back in May. Jobs created in July totaled 255,000, well above the 180,000 expected, marking back to back months of huge job creation. This is…
The U.S. Economy grew 1.2% for the Second Quarter 2016, according to the initial estimate of Gross Domestic Product (GDP) from the U.S. Department of Commerce. Estimates from Wall Street economists ranged from 1.0%-3.2%, with the median forecast coming in around 2.5%. Despite continued strength in consumer spending, a slowdown in business spending and investment…
After disappointing results in April and May raised concerns that the job market was slowing down, the report for June alleviated these fears as the U.S. economy produced 287,000 jobs. This was well above the expectation of 180,000 jobs, and raises the three-month average from 116,000 to 147,000 jobs created. The unemployment rate rose from…
Last week’s historic vote in Britain sent equity and currency markets into a tailspin on Friday, with U.S. markets falling between 5-6% while Europe and other larger developed markets fell over 10% by the market’s close on Monday. In fact, the British pound fell 11%, as it hit a 31-year low against the US dollar…
Yesterday was a historic day for the United Kingdom (U.K.) and Europe, as British citizens voted to leave the European Union (EU), otherwise known as “Brexit”. There has been heightened volatility across markets in the weeks leading up to the vote due to the uncertainty and no clear direction of this historic vote. In fact,…
The jobs report disappointed for the second consecutive month, as the 38,000 jobs created fell well short of the 158,000 expectation. Surprising given the shortfall in the jobs number, the unemployment rate declined from 5% to 4.7%. Furthermore, figures for both April and March were revised lower by a combined 59,000, bringing the three month…
We have experienced increased volatility across stock markets over the past two weeks. Last week, most major equity markets fell and brought their YTD returns into flat to negative territory. Much of the decline was a case of good news is bad news, as improving US economic data alleviated concerns about a recession but increased…