For months, the Federal Reserve has been waiting for a sign that it’s
safe to start scaling back its monetary support of the U.S. economy. We
think that signal may have come with this week’s release of
better-than-expected economic numbers.
Next week marks the start of holiday shopping, and the outlook points
toward one of the most competitive seasons for retailers in recent
The likely next head of the Federal Reserve said what she was expected
to say this week, and the markets responded with record-setting
This week's economic releases, although providing plenty of upside
surprises, continue to support our slow-growth thesis.
One of the most important investment decisions that USAA members will
face in the years ahead is the allocation they make between stocks and
bonds in their portfolios.