Thanksgiving is our country's oldest holiday tradition. We at BCM want to thank you for your ongoing support this year and wish you a Happy Thanksgiving.
Every single year, we are inundated with chatter about Black Friday and holiday shopping during Thanksgiving. Do you know what the S&P 500 ® Index has historically averaged on Black Friday? Or how retailers perform on the week of Thanksgiving in general?
Test your Turkey Day knowledge with us below. Extra bragging rights if you get all 3 ...
1. While most U.S. cities appear to be booming, the Fed models' GDP forecasts are moderating.
Source: WSJ Daily Shot; As of 11/16/17
2. With kids in college we have a very hard time believing this chart.
Policy Mistakes and their Economic Consequences: Now the Fed is Tapering QE... What could possibly go wrong?November 9, 2017
The U.S. Federal Reserve Bank’s (Fed) policy mistakes(tightening too far and/or too fast) have had a hand in every recession since WWII. The last time the Fed raised rates in 2004-2006, they increased the
1. A great historical perspective on the FED's balance sheet as a percentage of the GDP since 1914.
Pundits have spoken at length about how so much of the recovery of the financial markets has been based on aspects other than earnings, such as multiple expansion and buybacks. That does not tell the whole story. Since the second quarter of 2009, 69% of the change in the S&P 500 has been due to higher earnings, whereas only 31% of the change has been due to factors like multiple expansion and buybacks.¹