by Vy Phan | Jul 21, 2019 | Blog
Greetings, Bank earnings season is in full swing. The US consumer carried the day as the major consumer banks turned in strong loan growth and card spend. Trading and banking fees were lower due to weaker business sentiment and trade flares. Credit card spend at JPM...
by Vy Phan | Jul 14, 2019 | Blog
Greetings,This week headlines were dominated by rate cut talk with dovish comments from Fed Chair Jerome Powell. Also this week, moves from “digital banks” – increasingly the new center of gravity for the FinTech market.First – on rates. While...
by Vy Phan | Jul 7, 2019 | Blog
Greetings, This week we start with Friday’s job report and dig into mortgage FinTech innovation. The US has added 224,000 jobs in the past month – solid, but cooling from last year’s robust growth. Despite this growth in hiring, wage growth has remained contained (~3%...
by Vy Phan | Jun 30, 2019 | Blog
Greetings, Globally, central banks including ECB are taking steps to ease rates amidst concerns of a slowdown in growth. A strong dollar, trade wars, and dampening animal spirits are playing out in a contracting US manufacturing sector. The slower growth creates a...
by Vy Phan | Jun 23, 2019 | Blog
Greetings, This week, bad news is good news again. Asset prices are marching towards record highs with hints of interest rate cuts. Economists’ forecasts of recessions climbed sharply this week to 33%. Weak economic data continue – inflation expectations...
