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News & Views : Alan Fullerton

August 2020 Middle Market Monitor

Economic indicators in July were mixed as the unemployment rate fell and the Consumer Price Index rose while the Consumer Confidence Index declined. The public equity markets continued to demonstrate strength with the S&P 500, Dow Jones Industrial Average, and NASDAQ all rising over the month. M&A...

July 2020 Middle Market Monitor

In June, economic indicators improved, with a decrease in the unemployment rate and a continued upward trend in the public markets. The S&P 500 and Dow Jones Industrial Average posted gains of 2.0% and 1.0% respectively, steadily approaching levels from early March. The Consumer Price Index continued...

June 2020 Middle Market Monitor

In May, economic indicators improved, with a decrease in the unemployment rate and a continued upward trend in the public markets. The S&P 500 and Dow Jones Industrial Average posted gains of 4.5% and 4.3% respectively, steadily approaching levels from early March. Volatility in the public markets...

May 2020 Middle Market Monitor

Economic indicators deteriorated in April, with a large increase in unemployment and declines in consumer confidence and the Consumer Price Index.  The public markets saw a positive, albeit highly volatile, month in April.  The S&P 500 and Dow Jones Industrial Averages gained 12.7% and 11.1% respectively, recovering...

April 2020 Middle Market Monitor

In March, economic indicators deteriorated with an increase in unemployment and decreases in the Consumer Confidence Index and Consumer Price Index. The public markets continued to decline over the course of the month as uncertainty over the global COVID-19 pandemic persisted.  In response to this crisis, the...

February 2020 Middle Market Monitor

In January, economic indicators remained generally strong. The unemployment rate rose marginally, and the Consumer Confidence Index and Consumer Price Index both rose. The public markets surged in the first half of January and struggled in the second half of the month. M&A activity grew over the...

January 2020 Middle Market Monitor

December concluded with solid economic indicators and continued strength from the public equity market. Unemployment has remained steady and is poised to remain low throughout 2020. The market outlook on 2020 is generally positive, with the Dow Jones breaking 29,000 points on January 10th. M&A activity is...

December 2019 Middle Market Monitor

In November, gains in the public market continued with the major indices reaching near record highs. Economic indicators remained stable, with consumer confidence dipping slightly lower on trade uncertainty and sentiment that the economy is moving towards the later end of the business cycle. November saw a...

November 2019 Middle Market Monitor

In October, public markets saw steady gains and a sharp decrease in volatility after remaining almost flat in September. Economic indicators remained relatively steady, while consumer confidence decreased slightly as the economy moves into the late cycle phase.  October saw a return in growth in both global...

October 2019 Middle Market Monitor

In September, public markets saw modest gains and lower volatility after losses in August. Economic indicators remained relatively flat, while consumer confidence decreased as the economy moves into the late cycle phase.  September saw a slowdown in both global and middle market M&A, due in part to...

September 2019 Middle Market Monitor

In August, economic indicators paired with a volatile public market depicted a slowdown in growth in the U.S. economy. For the most part, the economic indicators remained relatively flat, which could suggest the historic growth levels are moderating. However, unemployment and consumer confidence continue to remain at...

July 2019 Middle Market Monitor

July economic indicators portray a slowly, but steadily growing US economy, with the unemployment rate continuing to hover near 50-year lows. At the same time, with a continuation of US-China trade negotiations and geopolitical tensions, the Fed cut interest rates on July 31st by a quarter-point which...

June 2019 Middle Market Monitor

June economic indicators portray a slowly, but steadily growing US economy that marks the 10th consecutive year of economic expansion. The labor markets remain strong, as the nonfarm payrolls rose above market expectations in June, while the unemployment rate continues to hover near 50-year lows. At the...

May 2019 Middle Market Monitor

Economic indicators released in May were positive as the economy continues to demonstrate modest, but persistent growth. Labor markets remain supportive, with solid monthly job gains and a multi-decade low unemployment rate. While U.S. public equity markets experienced increased volatility in May, the S&P 500 remains near...

April 2019 Middle Market Monitor

Economic indicators released in April were positive.  The economy continues to demonstrate modest but persistent growth. Labor markets remain supportive, with unemployment near 50-year lows. U.S. public equity markets extended their historic start to the year – the S&P 500 rose 3.9% in April to all-time highs...

March 2019 Middle Market Monitor

Economic indicators released in March show mixed results.  While the unemployment rate remains unchanged and the consumer price index posted a slight increase, consumer confidence declined and the Case-Shiller U.S. National Home Price Index reported a lower annual gain than in previous months.  At the same time,...