July 28, 2017— The initial estimate of GDP growth for 2Q 2017 was solid at 2.6%—not as strong as we and others expected, but certainly strong enough to confirm the weak first quarter was not indicative of a weakening economy. As we discussed at the time, 1Q was an odd combination of very weak consumer
June 26, 2017—The Illinois General Assembly continues its 10-day special session this week making a last-ditch effort to approve a state budget prior to the start of its fiscal year on July 1. Other states, including Delaware, New Jersey, and Pennsylvania are still hashing out their budgets, but the stakes for Illinois are much higher.
June 22, 2017—What did MSCI decide? MSCI, the principal international equity benchmark index provider, has decided for the first time to include some Chinese “A” shares in its emerging markets (EM) index. The decision goes into effect June 2018. “A” shares are listed on the Shanghai and Shenzen stock exchanges. Historically, the EM index has