The Independent Market Observer

Sam Millette

Sam Millette is director, fixed income, on the Investment Management and Research team at Commonwealth. With the firm since 2013, he manages the fixed income research team, responds to advisor requests, analyzes individual bonds, and authors market research and commentary. Sam graduated from Tufts University with a degree in economics and is a member of the CFA Society Boston.

Recent Posts

Economic Risk Factor Update: November 2023 [SlideShare]

November 8, 2023

The October reports showed continued economic growth with signs of potential slowing ahead. Hiring remained positive, as 150,000 jobs were added during the month. That said, the yield curve remained in red territory, and service sector and consumer confidence fell in October. This result could signal slower spending growth toward the end of the year. 

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Economic Release Snapshot: Hiring Slows in October

November 6, 2023

Each week, we break down the latest U.S. economic reports, including what the results mean for the overall health of the economy. Here, you will find how economists’ forecasts compare with actual results, key takeaways to consider, as well as a list of what’s on tap for the week ahead.

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Economic Release Snapshot: GDP Growth Accelerates in Third Quarter

October 30, 2023

Each week, we break down the latest U.S. economic reports, including what the results mean for the overall health of the economy. Here, you will find how economists’ forecasts compare with actual results, key takeaways to consider, as well as a list of what’s on tap for the week ahead.

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Economic Release Snapshot: Housing Sales Slow in September

October 23, 2023

Each week, we break down the latest U.S. economic reports, including what the results mean for the overall health of the economy. Here, you will find how economists’ forecasts compare with actual results, key takeaways to consider, as well as a list of what’s on tap for the week ahead.

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Monthly Market Risk Update: October 2023 [SlideShare]

October 18, 2023

Equity markets fell for the second consecutive month in September, causing all three major U.S. indices to end the month and quarter in the red. The S&P 500 lost 4.77 percent during the month, while the Dow Jones Industrial Average was down 3.42 percent. The Nasdaq Composite saw the largest declines, with the technology-heavy index dropping 5.77 percent. Rising long-term rates and concerns surrounding a potential government shutdown at month-end weighed on equities.

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Economic Release Snapshot: Consumer Confidence Falls in October

October 16, 2023

Each week, we break down the latest U.S. economic reports, including what the results mean for the overall health of the economy. Here, you will find how economists’ forecasts compare with actual results, key takeaways to consider, as well as a list of what’s on tap for the week ahead.

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Economic Risk Factor Update: October 2023 [SlideShare]

October 11, 2023

The September reports showed signs of continued economic growth to start the fall. Hiring accelerated during the month, with 336,000 jobs added, coming in well above economist estimates. That said, the yield curve remained in red territory, and service sector and consumer confidence declined.

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Economic Release Snapshot: Hiring Surges in September

October 9, 2023

Each week, we break down the latest U.S. economic reports, including what the results mean for the overall health of the economy. Here, you will find how economists’ forecasts compare with actual results, key takeaways to consider, as well as a list of what’s on tap for the week ahead.

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Economic Release Snapshot: Personal Income and Spending Grow in August

October 2, 2023

Each week, we break down the latest U.S. economic reports, including what the results mean for the overall health of the economy. Here, you will find how economists’ forecasts compare with actual results, key takeaways to consider, as well as a list of what’s on tap for the week ahead.

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Economic Release Snapshot: Housing Sales Slump in August

September 25, 2023

Each week, we break down the latest U.S. economic reports, including what the results mean for the overall health of the economy. Here, you will find how economists’ forecasts compare with actual results, key takeaways to consider, as well as a list of what’s on tap for the week ahead.

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Certain sections of this commentary contain forward-looking statements that are based on our reasonable expectations, estimates, projections, and assumptions. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Past performance is not indicative of future results. Diversification does not assure a profit or protect against loss in declining markets.

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