Monthly Market Reviews

Vantage Consulting Group regularly issues a Monthly Market Review. You may browse most recent Reviews below.

  • Market Review, October 2013
    Summary:

    October headlines were dominated by political brinkmanship in Washington which led to a partial government shutdown and near technical default on U.S. government debt. The shutdown left roughly 800,000 federal workers on furlough during the first half of October. President Obama signed a measure...

  • Market Review, January 2011
    Summary:

    The U.S. economy picked up steam towards the end of 2010 as U.S. consumers increased spending and U.S. companies increased their net exports. The real gross domestic product of the U.S. grew at an annual pace of 3.2% during the fourth quarter, according to the initial estimate. U.S. consumer...

  • Market Review, November 2013
    Summary:

    U.S. real GDP was revised to a 3.6% annual pace during the third quarter, higher than the preliminary reading of 2.8% and above economists’ estimates of 3.2%. This is the fastest pace since the first quarter of 2012. The increase in the latest estimate was almost entirely due to further growth...

  • Market Review, February 2011
    Summary:

    Real GDP in the U.S. increased at an annual rate of 2.8% in the fourth quarter of 2010, according to the second estimate released by BEA. This is lower than the advance estimate of 3.2% and the consensus of 3.3% as consumers and state and local governments spent less than previously estimated....

  • Market Review, December 2013
    Summary:

    In December, the final estimate of U.S. third quarter real GDP was revised to a 4.1% annualized pace, up from an estimate of 3.6% in November. The results reflect a gain over the second quarter growth of 2.5%. The increase in the latest estimate was almost entirely due to further growth in...

  • Market Review, March 2011
    Summary:

    The 2010 fourth quarter Real GDP in the U.S. was revised upward to an annual rate of 3.1%, according to the third and final estimate released by BEA. The increase was primarily due to a greater than previously estimated rise in private inventories. The Real GDP growth rate for all of 2010 is 2.9...

  • Market Review, January 2014
    Summary:

    In January, the advance estimate of U.S. fourth quarter real GDP showed 3.2% annualized growth. The results indicate a 2.7% growth rate in 2013, the strongest rate in three years. Consumer spending, the largest component of GDP, grew 3.3% in the fourth quarter, a significant increase from the 2...

  • Market Review, April 2011
    Summary:

    The 2011 first quarter Real GDP in the U.S. increased at an annual rate of 1.8% after a 3.1% rise in the previous quarter according to the advance estimates from BEA. The weakened growth rate is primarily attributed to higher food and energy prices along with adverse weather during the first two...

  • Market Review, February 2014
    Summary:

    Economic reports released in February were generally weaker than expected. Market commentators primarily attributed the weakness to extreme winter weather. Many of these reports also made significant downward revisions to November and December data, indicating a lower positive momentum towards...

  • Market Review, May 2011
    Summary:

    The key theme of the month was a flight to safety in light of concerns surrounding the Eurozone sovereign debt crisis and slowing global growth. Risky assets including global equities and commodities fared poorly in May while “safer assets” including domestic treasuries, fixed income and...

  • Market Review, March 2014
    Summary:

    The Bureau of Economic Analysis (BEA) revised fourth quarter 2013 U.S. real GDP higher to 2.6%, from the second estimate of 2.4%. Real GDP growth in the fourth quarter came principally from personal consumption expenditures, exports, and nonresidential fixed investment. These were partly offset...

  • Market Review, June 2011
    Summary:

    The month of June was similar to the prior three months with markets swinging between risk-on and risk-off within a short span of time. Concerns over Greek sovereign debt and a slowing global economy dominated most of June leading to broad risk aversion. Risk appetite significantly increased...

  • Market Review, April 2014
    Summary:

    Growth of U.S. economy stalled during the first quarter of 2014 as real GDP increased at an annual rate of 0.1%, according to the initial estimate from Bureau of Economic Analysis (BEA). This is the second worst reading since emerging from the recession in mid-2009. The weak growth primarily...

  • Market Review, July 2011
    Summary:

    The U.S. second quarter real GDP increased at an annual rate of 1.3%, significantly lower than the 1.8% expected annual growth rate. Consumer spending (red bar in the graph below) decelerated sharply during the quarter, advancing at an annual rate of 0.1%, the weakest growth rate reported since...

  • Market Review, May 2014
    Summary:

    The U.S. economy contracted for the first time in three years as real GDP was revised to a negative 1.0% annual growth rate in the first quarter, according to the second release, down from an initial estimate of +0.1% and lower than the consensus of -0.5%. The primary drivers of the downward...

  • Market Review, August 2011
    Summary:

    S&P downgraded U.S. sovereign credit rating from AAA to AA+ for the first time in history and placed the nation on negative outlook citing a broken political process. Economic data continued to be disappointing. The U.S. economy expanded at a slower pace than previously estimated during the...

  • Market Review, June 2014
    Summary:

    U.S. first quarter real GDP shrank at a 2.9% annualized rate (a.r.), down from -1% prior estimate (which itself was revised from 0.1% initial estimate), and well below the consensus contraction of -1.8%. This is the biggest quarterly contraction in five years and the largest downward revision of...

  • Market Review, October 2011
    Summary:

    Led by personal consumption, the U.S. economy picked up pace during the third quarter, growing at 2.5%, above the consensus estimate of 2.4%, according to the advance estimates released by the Bureau of Economic Analysis. With this rise, real GDP is now just above the previous high set in 2007....

  • Market Review, July 2014
    Summary:

    Economic data released in July was mostly positive. The U.S. economy, as measured by real GDP, grew at a 4% annualized rate (a.r.) during the second quarter of 2014, well above the 3% forecast, according to the advance
    estimate released by Bureau of Economic Analysis (BEA). The increase in...

  • Market Review, November 2011
    Summary:

    The third quarter real gross domestic product was revised to a 2.0% annualized, down from the initial estimate of 2.5% and below the consensus of 2.4%, according to the second estimate released by the Bureau of Economic Analysis. The downward revision was primarily driven by a decline in...

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