Login Assistance

Need online access?

Providing timely updates and perspectives on the economy and financial markets.

Weekly Market & Economic Update    |  04.15.19

First quarter earnings season started with solid reports from JP Morgan and PNC Bank, providing support for stocks. We saw economic improvements outside the United States while data continued to show the U.S. struggling.

Fed now sees no hikes in 2019. Economy supports patient approach

As expected, the Federal Reserve (Fed) kept rates unchanged following  the March 20 meeting. The Committee reiterated that future rate changes will be data dependent, noting U.S. economic data is “in a good place” despite slightly reducing expectations for growth and increasing unemployment estimates.

2Q 2019 investment outlook: Mind the gap

As we exit the first quarter, a “gap” seems to exist between asset price performance and global economic performance.  Our analysis suggests that U.S. economic data has generally softened and the global economy is on a path of a re-synchronized slowdown.

2019 investment outlook: A more balanced view forward

As we look ahead to 2019, prospects for the coming year look a bit less clear than has been the case in recent years.

Bank loan market: Caution warranted due to softer credit quality

Our positioning remains neutral, with a cautious bias on the high-yield category (which includes bank loans, as growing risks in the loan market warrant caution, despite strong recent performance.

Farm and Ranch Management
Important Disclosures

Investment products and services are: 

Equal Housing  Lender Equal Housing Lender. Credit products are offered by U.S. Bank National Association and subject to normal credit approval. Deposit products offered by U.S. Bank National Association. Member FDIC.

U.S. Bank is not responsible for and does not guarantee the products, services or performance of U.S. Bancorp Investments.

U.S. Bank and its representatives do not provide tax or legal advice. Each individual's tax and financial situation is unique. Investors should consult their tax and/or legal advisor for advice and information concerning their particular situation.

Equity securities are subject to stock market fluctuations that occur in response to economic and business developments. Investments in fixed income debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in real estate can be subject to fluctuations in the value of the underlying properties, the effect of economic conditions on real estate values, changes in interest rates and risks related to renting properties, such as rental defaults. There are special risks associated with an investment in commodities, including market price fluctuations, regulatory changes, interest rate changes, credit risk, economic changes, and the impact of adverse political or financial factors.