Author Archives: Dr. Brian Jacobsen, CFA, CFP®

Real and imaginary inflation

The Consumer Price Index (CPI) for June increased 0.3% from May, mainly driven higher by rising gasoline prices. Over the past 12 months, the CPI has increased 2.1%. Don’t worry; the Federal Reserve (Fed) isn’t going to imminently increase rates. … Continue reading

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Geopolitics weigh on sentiment

On Thursday, a Malaysian airliner was downed over Ukraine; Russian separatists were blamed. This was on the heels of increased sanctions imposed on Russian businesses by the U.S. and European countries. Russian stocks dropped and oil prices rose. Treasury yields … Continue reading

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Take this job and shove it?

The 1977 country song “Take This Job and Shove It” was a #1 hit. It’s interesting that a song about walking away from a job was such a hit when the unemployment rate was 6.8%. Maybe people were emboldened after … Continue reading

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Reform agendas in emerging markets (excerpt)

We discuss social, political, and economic reforms in emerging markets with Alison Shimada, portfolio manager with Wells Capital Management’s Emerging Markets Equity team, in this excerpt of On the Trading DeskSM from Tuesday, July 1, 2014. Watch the full interview. … Continue reading

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Fireworks in the Employment Situation Report

Nonfarm payrolls expanded by 288,000 in June, while the unemployment rate dropped to 6.1%. Payrolls in April and May were revised higher by a net amount of 29,000. The average workweek remained at 34.5 hours for the fourth-straight month. Average … Continue reading

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Reforms in emerging markets (video)

This week we’re discussing reforms in emerging markets with Alison Shimada, portfolio manager with Wells Capital Management, Inc.

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Growth contrasts: With GDP lower than expected, look for growth where you can find it

U.S. gross domestic product (GDP) decreased 2.9% at an annualized pace in the first quarter, according to the third estimate of the Bureau of Economic Analysis. This is a bigger decline than the second estimate of 1.0% and worse than … Continue reading

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FOMC: Slightly more dovish

The Federal Open Market Committee (FOMC) said that growth has rebounded and labor market conditions have generally improved. In a unanimous decision, the committee members decided to trim the Federal Reserve’s monthly asset purchase program by $10 billion and to … Continue reading

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Inflation and housing: The worst of all possible worlds for the Fed?

The Consumer Price Index (CPI) increased 0.4% from April to May, according to the Bureau of Labor Statistics. The year-over-year increase was 2.1%. Although the increase was broad-based, food and energy price increases made significant contributions to the pickup in … Continue reading

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What’s behind low volatility?

It’s always quietest before the storm; at least, that’s how the old saying goes. It’s not entirely true, of course. There are plenty of times that storms rumble in with a growing crescendo of noise. Similar things happen in the … Continue reading

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