November 22, 2016—Following up on our post from last week, The Transition Begins, as we continue to explore how the new administration will impact the economy and financial markets, we turn to a highly publicized topic, the North American Free Trade Agreement (NAFTA). As a candidate, Donald Trump frequently cited NAFTA as a “disaster” that had hollowed out U.S. manufacturing, particularly in Pennsylvania, Ohio, Michigan, and Wisconsin.
November 17, 2016—Whether it was because of the unexpected outcome or the dramatic shift in policy direction voters favored, the U.S. presidential election of 2016 has brought with it many pending and significant changes. In this and other blog posts to follow, we will explore how these changes may impact the economy and more importantly, the financial markets.
November 4, 2016—Job growth came in at 161,000 in October, just slightly higher than the 150,000 we had predicted. This is also very much in line with the ADP employment report from earlier in the week, which said 147,000. We have pointed out in past posts that the ADP report might be better at showing the month-over-month tracking as it has been less volatile than the official jobs report.