Categories Finance

The Capital Spectator: Investing, Asset Allocation, and Economic Insights

Trump Imposes Further Sanctions on North Korea:
The Hill
Could North Korea Test an H-Bomb in the Pacific?
Bloomberg
US Leading Index Sees Rise in August, Indicating Growth Ahead:
Conf. Board
Sharp Decline in US Jobless Claims Last Week:
Reuters
Philly Fed Manufacturing Index Hits Three-Month High in September:
MarketWatch
US FHFA House Price Index Rises by 6.3% Year-over-Year in July:
Builder
Stagnation in Growth Likely Without Ongoing Research Input Increases:
VoxEU



The challenge of achieving market-like performance remains a stubborn issue. Despite the ease of replicating market betas with low-cost index products, many investors consistently fall short of matching market returns, as a recent Dalbar study highlights.
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Fed Keeps Rates Steady, Approves Balance Sheet Reduction:
CNBC
Major US Equity Indexes Exhibit Mixed Results Following Fed Announcement:
RTT
US Existing Home Sales Decline in August to Lowest Level in a Year:
HousingWire
Another Attempt to Repeal Obamacare Scheduled for Vote Next Week:
Reuters
SEC’s Computer System Breached Last Year:
NY Times
Most Fed Officials Anticipate Additional Rate Hikes:
Federal Reserve



Recent hurricanes have impacted US economic growth, but the overall trend remains resilient. A broad analysis of various indicators suggests moderate growth in the near future. Fortunately, recession risks in the US appear to be minimal based on the current data.
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Hundreds Dead Following Devastating Earthquake in Central Mexico:
BBC
Puerto Rico Prepares for Hurricane Maria:
AP
US Single-Family Housing Construction Declines for Second Consecutive Month in August:
Reuters
Mixed Economic Signals Ahead of Fed Announcement:
Reuters
Trump Vows to “Destroy” N. Korea in UN Address:
USN&WR
Norway’s Sovereign Wealth Fund Reaches $1 Trillion:
Bloomberg
Confidence in US Economy Increases Slightly:
Gallup



The Federal Reserve is anticipated to maintain its current interest rates in tomorrow’s policy meeting. Meanwhile, many expect that the central bank will begin reducing its $4.5 trillion debt portfolio soon. This unwinding suggests a shift toward tighter monetary policy, as Treasury yield spreads are nearing levels not seen since the last economic downturn.
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US Defense Secretary Alludes to Military Options Concerning North Korea:
Reuters
US Homebuilder Sentiment Falls Following Hurricanes:
HousingWire
Buybacks for S&P 500 Stocks Drop 25% Since Q1 2016:
MarketWatch
US Equities Hit Another Record High:
MarketWatch
Value of US Government Debt as a Percentage of GDP Approaches 70-Year High:
Dallas Fed



Last week, US stocks made a strong comeback, achieving their most significant weekly gain of the year and leading the performance rankings for major asset classes as indicated by a selection of exchange-traded products.
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Hurricane Maria Gains Strength, Moving Toward Caribbean Islands:
CNN
Analysts Attribute Weak Retail Sales and Industrial Output to Hurricanes:
Reuters
Economists Adjust Q3 GDP Forecasts Following Disappointing Reports:
CNBC
Consumer Sentiment Declines in September Amid Economic Concerns:
UoM
New York Fed Manufacturing Index Maintains Levels Near Three-Year High:
MarketWatch
US Corporations Hold a Significant Portion of Corporate Debt:
FT
US Business Inventories Experience Slight Growth in July:
FoxBusiness
BIS Warns of Rising Cryptocurrency Risks, Urges Central Banks to Take Action:
BBG
Nominal US GDP Growth Remains Stable but Falls Short of Expectations:
Macro Musings



The September 17 edition of The US Business Cycle Risk Report has been published and circulated to subscribers.

In summary, recent developments in US economic indicators suggest a complex environment impacted by both external factors, like natural disasters, and internal policies. While challenges persist, the overall outlook remains cautiously optimistic as the economy adapts to these pressures.

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