By Tom Burnett, CFA On February 7, 2020, the Bureau of Labor Statistics released the January report on ‘The Employment Situation’. Total nonfarm payroll employment rose by 225,000, well above the consensus estimates of 165,000 (Bloomberg LP). Total revisions for the previous two months added 7,000…
Kelleher Financial Advisors 4th Quarter Newsletter
By Tom Burnett, CFA On Wednesday, January 29, 2020, the Federal Reserve concluded its two-day meeting with a formal announcement that it would not be changing the Fed Funds rate. The target rate remains a range of 1.5% to 1.75%. The Fed’s formal policy statement noted that inflation was low and economic…
By Tom Burnett, CFA On January 20, 2020, the IMF revised its October outlook for global GDP growth down somewhat from its earlier projections. The IMF forecast for global growth now sees modest improvements from 2.9% in 2019 to 3.3% in 2020 and 3.4% in 2021. These slight revisions of 0.1 percent for…
By Tom Burnett, CFA In our continuing review of the performance of defined strategies and investment styles, we have looked at the 15-year comparative performance of large and small market cap (as a reminder, the market cap is defined as shares outstanding times the current price) investment styles.…