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Don’t Fret About the February Jobs Report
February’s smaller-than-expected jobs gain may put investors on edge, but underlying details show there isn’t much to fret about. Nonfarm payrolls rose 20K, missing consensus estimates of 180K by the widest margin since March 2015. While the headline number is disappointing, it isn’t as surprising when considering recent strength in payrolls.
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10 Years and Counting
This Saturday, March 9, 2019, marks the 10-year anniversary of the end of the worst bear market for U.S. stocks since the Great Depression.
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The Nasdaq’s 10 Weeks of Green
U.S. stocks’ recent momentum has been historically impressive by many measures, and the Nasdaq Composite Index notched another milestone last week.
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A Historic Quiet for Rates
10-year Treasury yield has bounced around in a 23-basis point (bps) (.23%) range year to date, the second-smallest range at this point in the year since 1974.
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Slow, But Steady
While muted growth in the current economic expansion has been frustrating at times, especially after a swift and painful downturn amid the 2008 financial crisis, it has helped extend the life of this cycle and keep excesses in check.
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Weekly Economic Commentary | March 4, 2019
The tenth anniversary of the S&P 500 Index bull market is coming up on March 9. As the U.S. stock rally’s double-digit birthday nears, we’ve reflected a lot on the durability of the current economic cycle. The U.S. economic expansion is entering its 118th month, on track to become the longest recovery on record in…