Industrials Yet to Benefit from Recent Manufacturing Strength

– Despite the recent pickup in capex and robust manufacturing activity, industrial companies have not benefited from the strong manufacturing environment this year. – The industrials sector is in position to potentially play catch-up; however, escalating trade...

Economic Growth Accelerated in the Second Quarter

– The U.S. economy has begun to reap the benefits of supportive fiscal policy, e.g., lower tax rates, deregulation, and increased government spending. – The breakdown of GDP by economic sector helps to highlight the drivers of strong GDP growth and how fiscal policy...

Payroll Growth Still Strong After May and June Revisions

– Job growth for May and June averaged 258,000 with the revisions, the strongest two-month period since July 2016. – These strong summer months lifted 3-month average payroll growth to 224,333 and 1-year average payroll growth to 200,000. Click here to download a PDF...