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Quarterly Commentary, Q3 2015

Despite being plagued with uncertainty and market volatility, the third quarter provided moderate economic growth in retail consumer spending and housing, and an increase in the Consumer Confidence Index. The US labor market had mixed results with the unemployment rate...
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Quarterly Commentary, Q2 2015

The US economy continued its bull-market march in the second quarter of the year, despite a minor GDP contraction of 0.2% annualized. The decline was expected and mostly attributed to west coast port closures, lower fuel prices, and a strong dollar. Inflation remained...
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Quarterly Commentary, Q1 2015

The US economy lost some momentum, posting GDP growth of 2.2% annualized vs. 5.0% during the previous quarter. Despite the slowdown, the current bull market celebrated its sixth birthday, making it the fourth-longest run of the last 80 years. Consumer spending...
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