Strategas Insight: A Clear But Winding Path

The US stock market notched its 18th new high of the year—and an all-time high at that—on August 29, less than two weeks ago, and is up 7.4% through last Friday, September 7, 2018. The US economy grew at a robust 4.2% year-over-year SAAR (seasonally adjusted at annual rates) pace in 2Q18, and the Atlanta Fed’s GDPNow forecast of current quarter growth stands taller at 4.4%—which would be the highest rate in 16 quarters.

Read the full commentary for insight on Fed policy, global trade, and other key factors affecting the US economy in the near term.

Envestnet and Strategas are non-affiliated entities. The information and analysis expressed herein is for general and educational purposes only and does not necessarily reflect the views of Envestnet. This commentary is not intended to constitute legal, tax, securities, or investment advice. The graphical illustrations contained herein do not represent any client information or actual investments. The information provided reflects the judgement of the author and is based on currently available information as of the date of this writing and may be subject to change at any time without prior notice. Envestnet makes no representation that the information provided is accurate, reliable or error-free. Envestnet reserves the right to add to, change, or eliminate any of the services listed herein without notice.

Neither Envestnet nor its representatives render tax, accounting or legal advice. Any tax statements contained herein are not intended or written to be used, and cannot be used, for the purpose of avoiding U.S. Federal, state, or local tax penalties. Taxpayers should always seek advice based on their own particular circumstances from an independent tax advisor.