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

Employment situation: Still not great, but better

Nonfarm payrolls expanded by 209,000 in July while the numbers for June and May were revised up a net 15,000. The unemployment rate inched a bit higher to 6.2%. Payrolls made tepid gains across most industries. Average hourly earnings, a … Continue reading

Be the first to comment

Taking stock of China (excerpt)

A stabilizing Chinese economy doesn’t come without certain risks. What are the concerns? What are the opportunities? Here to take us beyond the headlines is Jeffrey Everett, CFA, portfolio manager with the EverKey Global Equity team at Wells Capital Management, … Continue reading

Be the first to comment

Argentina’s default—another symptom of deeper problems

After failing to reach agreement with creditors yesterday, Argentina defaulted on bonds it restructured after its previous default in 2001. Although Argentina deposited interest payments it owed with its trustee, a ruling by a U.S. judge prevented the trustee from … Continue reading

Be the first to comment

GDP’s big bounce

Gross domestic product (GDP) grew 4% on a seasonally adjusted and annualized basis from the first quarter. The first quarter’s estimate was revised from a 2.9% contraction to a 2.1% contraction. The bounce from the first quarter was much greater … Continue reading

Be the first to comment

Taking stock of China (podcast)

While economic data seems to be pointing to a stabilizing Chinese economy, it’s not without certain risks. What are the concerns? Where are the bright spots? How is its stock market holding up? And, how does an investor filter through … Continue reading

Be the first to comment

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

Be the first to comment

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

Be the first to comment

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

Be the first to comment

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

Be the first to comment

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

Be the first to comment