January 16, 2018— December inflation, as measured by the Consumer Price Index (CPI), held steady on a year-over-year basis at 2.1%. However, the “core” measure, which excludes the volatile food and energy components, had a 1.8% year-over-year increase.
December 11, 2017—This year’s holiday season is more frenetic than usual, with investors getting an added dash of craziness in the form of a major federal tax overhaul, a feat last achieved in 1986. That last rewrite was a bipartisan effort between President Reagan and the Democrat-controlled House and Senate, and evolved over the course of nearly 18 months with committee hearings, amendments, and debates.
December 8, 2017 – The end of the year is a good time for reflection (once the shopping is done and holiday travel plans have been solidified). As we think back on what this year has meant for financial markets, we can’t help but think that 2017 will be documented—in our memories but also the record books—for the extraordinary market run and lack of volatility. U.S. large cap stocks are up +20% (total return) through the first week in December, and non-U.S.