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No Convergence Between Hard and Soft Data in Q1 GDP Numbers

No Convergence Between Hard and Soft Data in Q1 GDP Numbers

The conundrums continue. Despite strong consumer and business confidence, economic activity is tepid. Q1 GDP growth was only 0.7 percent, and real personal income wage growth was only 1.0 percent. Right now markets are betting that economic activity will rise to meet the high levels of confidence. We hope the markets are right, but we have our doubts. 

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1Q17 CIO Commentary

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1Q17 CIO Commentary

In this quarter's CIO commentary, we review the impact of Trump's first months in office on the investment markets, comment on Europe's many economic challenges, and discuss a new developed equity market investment in AlphaGlider strategies.

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Here Come the Environmental Executive Orders

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Here Come the Environmental Executive Orders

Looks like James Baker III and George Shultz struck out with their conservative answer to climate change pitch to the Trump administration. That puts Baker and Shultz in good company—former Vice President Al Gore also struck out in his meeting about climate change with Ivanka and Donald Trump back in December.