Monthly Market Reviews

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

  • 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, 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, 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, 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, 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, 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, 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, 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, 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, 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, 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...

  • Market Review, August 2014
    Summary:

    U.S. second quarter real GDP was revised from 4.0% to 4.2% as private investment increased more than initially reported, according to the Bureau of Economic Analysis. The third quarter GDP growth is expected to be around 3%.

  • Market Review, December 2011
    Summary:

    Third quarter real Gross Domestic Product was revised downward again. According to the third estimate released by the Bureau of Economic Analysis, third quarter GDP is reported to have increased 1.8% annualized, less than the 2.0% second estimate released in November and the 2.5% preliminary...

  • Market Review, September 2014
    Summary:

    U.S. real GDP for 2Q2014 grew at a strong +4.6% rate, up about 0.5% from the prior estimate, according to the third estimate of the Bureau of Economic Analysis. Real GDP declined 2.1% during the first quarter. This upturn in real GDP primarily reflected increases in exports and private inventory...

  • Market Review, January 2012
    Summary:

    U.S. real GDP grew at an annual rate of 2.8% in the final quarter of 2011, according to the advance estimate released by the Bureau of Economic Analysis. This was the fastest pace in the last five quarters although it was slightly lower than the consensus estimate of 3%. The acceleration in GDP...

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