Compass Financial Advisors

Latest Quotes:

US Economy and Credit Markets Ended March 9, 2018

 Investors were uneasy after a multitude of geopolitical events grabbed headlines last week. Treasury yields dropped Monday in the wake of the Italian election and continued uncertainty surrounding trade rhetoric out of Washington. The unrest following the resignation of economic advisor Gary Cohn along with European Central Bank President Mario Draghi's dovish statements drove Treasury yields even lower as investors fled equities. After much anticipation, President Donald Trump signed off on tariffs for steel and aluminum late Thursday with the terms softening the impact for U.S. neighbors Canada and Mexico. Treasury yields bounced back Friday after better than expected February nonfarm payrolls data. The U.S. economy added 313,000 jobs in February, well above the consensus of 205,000 and the largest increase in 19 months. This comes after the February ADP employment change beat consensus estimates by 35,000 jobs on Wednesday. The U.S. economy reported strong job growth despite average hourly earnings growth. Major economic reports (related consensus forecasts, prior data) for the upcoming week include: Tuesday: February CPI MoM (0.2%, 0.5%); Wednesday: March 9 MBA Mortgage Applications (N/A, 0.3%), February Retail Sales Advance MoM (0.3%, -0.3%), February PPI Final Demand MoM (0.1%, 0.4%); Thursday: March Empire Manufacturing (15.0, 13.1), March 10 Initial Jobless Claims (225k, 231k); Friday: February Housing Starts (1288k, 1326k), February Industrial Production MoM (0.3%, -0.1%), March Preliminary University of Michigan Sentiment (99.0, 99.7).


: [ ( ) ]
: [ ( ) ]
: [ ( ) ]
: [ ( ) ]
: [ ( ) ]

Latest Market News

 Stocks fell for the week as investors grappled with higher bond yields, political risks around the globe, trade tensions and higher energy prices. The real estate and utilities sectors, which tend to be bond proxies due to their high dividend yields, lost over 2% for the week. By contrast, the materials and energy sectors posted the biggest gains as investors are starting to price in higher inflation expectations. In economic news, retail sales rose 0.3% in April, in-line with forecasts, as higher paychecks from tax-cuts offset rising fuel costs. In stock news, both Walmart Inc.

 Treasury prices dropped moderately over the course of the week on strong economic data and speculation that both the Federal Reserve and European Central Bank may raise interest rates more quickly than previously expected. On Tuesday, April Advance Retail Sales were solid while March sales figures were revised to 0.8%, and May Empire Manufacturing was higher than expected, causing a risk-on environment which led to a significant drop in Treasury prices. It was also reported on Tuesday that the U.S.

 View from the Observation Deck  

Securities offered through Harbour Investments, Inc.,
member FINRA/SIPC.

Investment Advisory Services offered through
Compass Financial Advisors, LLC,
a registered Advisor. 
Compass Financial Advisors, LLC &
Harbour Investments, Inc.
are separate entities.

Check the background of this firm
on FINRA's Broker Check