Active investment management’s weekly magazine for fee-based advisors

First Trust

The Fed goes bigger

The Federal Reserve raised rates by three-quarters of a percentage point (75 basis points, or bps) on June 15, the most at any meeting since 1994 and exactly the move Chairman Jerome Powell was dismissive about in early May after the last meeting. As a...

Recession unlikely in 2022

The consensus among economists puts the odds of a recession starting sometime in the next year at 30%, according to Bloomberg’s most recent survey. No wonder the S&P 500 is deep in correction territory and flirting with an official bear market. We...

Q4 GDP beats estimates at 6.9% annual rate

Real GDP grew at a 6.9% annual rate in the fourth quarter, easily beating the consensus expected 5.5%. As a result, real GDP was up 5.5% in 2021 (Q4/Q4), the fastest growth for any calendar year since the Reagan boom in 1984.  FIGURE 1: REAL GDP...