Market Update: August 2017

investment advisory services historical yield curve August 2017 investment advisory services market update indicative rates - August 2017

INVESTMENT ADVISORY SERVICES FEATURED ECONOMIC INDICATOR
Outlook Differs Between Stocks and Bonds

The stock market continues to move higher on stronger consumer and business confidence, driven in part by President Trump’s pro-growth policies. The bond market is sending the opposite message and reflects significantly less optimism about economic growth. Given this divergence in views, we wouldn’t be surprised to see volatility return to markets. Former Fed Chair Alan Greenspan believes bonds are over-priced. In a recent interview, he said, “By any measure, real long-term interest rates are much too low and therefore unsustainable. When they move higher they are likely to move reasonably fast.”    

Source: Bloomberg, Prudent Man Advisors, Inc.


investment advisory services us economic indicators August 2017

INVESTMENT ADVISORY SERVICES RECENT NEWS
All Business Spending Aids 2Q GDP Growth Test

Real gross domestic product increased at an annual rate of 2.6% in the second quarter. Continued strength in corporate spending helped propel 2nd quarter GDP growth over the weaker 1st quarter level. Businesses spent heavily on computers and industrial equipment, which could lift productivity and spur future economic growth. U.S. exports expanded faster than imports in a sign of an improving global economy. Consumer spending improved from the 1st quarter, though spending on home building and improvements was a drag on growth. A smaller decrease in inventory and higher government spending were large contributors to 2nd quarter growth.

Source: Wall Street Journal, www.bea.gov

Download Full PDF

 

DISCLAIMER -This document was prepared by Prudent Man Advisors, Inc. for clients of the firm and its affiliated PMA entities, as defined below. It is being provided for informational and/or educational purposes only without regard to any particular user’s investment objectives, financial situation or means. The content of this document is not to be construed as a recommendation, solicitation or offer to buy or sell any security, financial product or instrument, or to participate in any particular trading strategy in any jurisdiction in which such an offer or solicitation, or trading strategy would be illegal. Nor does it constitute any legal, tax, accounting or investment advice of services regarding the suitability or profitability of any security or investment. Although the information contained in this document has been obtained from third-party sources believed to be reliable, PMA cannot guarantee the accuracy or completeness of such information. It is understood that PMA is not responsible for any errors or omissions in the content in this document and the information is being provided to you on an “as is” basis without warranties or representations of any kind.

Securities, public finance services and institutional brokerage services are offered through PMA Securities, Inc. PMA Securities, Inc. is a broker-dealer and municipal advisor registered with the SEC and MSRB, and is a member of FINRA and SIPC. Prudent Man Advisors, Inc., an SEC registered investment adviser, provides investment advisory services to local government investment pools and separate accounts. All other products and services are provided by PMA Financial Network, Inc. PMA Financial Network, Inc., PMA Securities, Inc. and Prudent Man Advisors (collectively “PMA”) are under common ownership.

Securities and public finance services offered through PMA Securities, Inc. are available in CA, CO, FL, GA, IL, IN, IA, KS, MI , MN , MO , NE, OH, OK, PA, SD, TX and WI. This document is not an offer of services available in any state other than those listed above, has been prepared for informational and educational purposes and does not constitute a solicitation to purchase or sell securities, which may be done only after client suitability is reviewed and determined. All investments mentioned herein may have varying levels of risk, and may not be suitable for every investor. PMA and its employees do not offer tax or legal advice. Individuals and organizations should consult with their own tax and/or legal advisors before making any tax or legal related investment decisions. Additional information is available upon request.

BUSINESS CONTINUITY      |      PRIVACY POLICY    |      SECURITY POLICY     |    DISCLOSURES   |     RESOURCES    |      CAREERS

P  :  800.783.4273       E  :  INFO@PMANETWORK.COM       A  :  2135 CityGate Ln, 7th Floor, Naperville, IL 60563   -    © 2015, PMA Financial Network, Inc. 

chicagoland website design and development, website hosting illinois, cms web design chicago Website by: Andromeda Technology Solutions

Message: You will now be redirected to a third-party, PMA-partnered website. Select CONTINUE to confirm that you want to leave pmanetwork.com and view our current employment opportunities. Select CANCEL to remain on this page.