All Market Views by Philip Orlando

Orlando's Outlook: Consumer spending accelerates into Christmas 
Dec. 15, 2017 :: Philip Orlando
Data suggest this could be the best holiday sales season since 2011.
Orlando's Outlook: 'Fairway' report on December jobs 
Dec. 8, 2017 :: Philip Orlando
Better-than-expected payroll gains and hours worked point to a Fed hike and then a possible Santa Claus rally.
Orlando's Outlook: Goldilocks revisited 
Dec. 1, 2017 :: Philip Orlando
On strong economic growth, we advise staying the course in the market.
Orlando's Outlook: OPEC's perfect storm 
Nov. 22, 2017 :: Philip Orlando
Forces are lining up to keep oil around $60/barrel.
Orlando's Outlook: Revisiting immigration reform as we approach Thanksgiving 
Nov. 17, 2017 :: Philip Orlando
A solution to the immigration debate is possible as the goals of each side are not mutually exclusive.
Orlando's Outlook: Reshaping the Fed 
Nov. 10, 2017 :: Philip Orlando
Trump has the opportunity to impact monetary policy, economic growth and market performance by filling open posts.
Orlando's Outlook: Jobs rebound, but entire report is mixed 
Nov. 3, 2017 :: Philip Orlando
There are enough positives in the jobs report to keep the Fed on track for another hike.
Orlando's Outlook: What hurricanes? 
Oct. 27, 2017 :: Philip Orlando
The prospect of fiscal policy reform continues to stir animal spirits among businesses and consumers.
Orlando's Outlook: Happy Anniversary 
Oct. 20, 2017 :: Philip Orlando
The market and economy today bear little-to-no resemblance to 1987.
Orlando's Outlook: Retail redemption 
Oct. 13, 2017 :: Philip Orlando
Retail sales rose in September, portending a strong holiday shopping season.
Orlando's Outlook: This too shall pass 
Oct. 6, 2017 :: Philip Orlando
We expect the labor market to bounce back in the fourth quarter.
Orlando's Outlook: Let's make a deal 
Sept. 29, 2017 :: Philip Orlando
Trump’s opening tax salvo will likely be subject to the usual dealing in Washington.
Orlando's Outlook: Fed finally closes the loop 
Sept. 22, 2017 :: Philip Orlando
The Fed will unwind its balance sheet, but Yellen may not be there for much of it.
Orlando's Outlook: Skunk at a picnic 
Sept. 15, 2017 :: Philip Orlando
Retail sales in August were weak, but we haven't seen the entire picture yet.
Orlando's Outlook: Hurricanes pose third-quarter risk 
Sept. 8, 2017 :: Philip Orlando
GDP will take a big hit from Harvey and Irma, but the rebuilding should add to future growth.
Orlando's Outlook: Wonky August payrolls miss yet again 
Sept. 1, 2017 :: Philip Orlando
Better to wait for the revisions to August's labor report to get the real story.
Orlando's Outlook: Yellen avoids Jackson Hole policy discussion 
Aug. 25, 2017 :: Philip Orlando
The Fed chair instead promotes maintaining post-crisis financial regulation, leaving the central bank's normalization timeline somewhat unclear.
Orlando's Outlook: How can we fix health care? 
Aug. 15, 2017 :: Philip Orlando
With a bipartisan compromise to keep parts of ACA most people want, but paid in economically sound manner.
Orlando's Outlook: Is Fed's leadership transition a market risk? 
Aug. 8, 2017 :: Philip Orlando
Who will be Fed Chair for the next four years and how might the market react?
Orlando's Outlook: Another solid jobs report 
Aug. 4, 2017 :: Philip Orlando
This week's slew of employment data affirms a strong labor market.
Orlando's Outlook: Solid second-quarter GDP keeps Fed on pace 
Jul. 28, 2017 :: Philip Orlando
Q2 GDP more than doubled that of the first quarter.
Orlando's Outlook: Education the key to millennial financial success 
Jul. 21, 2017 :: Philip Orlando
New solutions are needed to address the growing student-debt levels in the U.S.
Orlando's Outlook: Second wind? 
Jul. 13, 2017 :: Philip Orlando
We’re sticking to our guns that the S&P 500 will grind up toward our 2,500 year-end target.
Orlando's Outlook: Surprisingly strong June jobs report keeps Fed on pace 
Jul. 7, 2017 :: Philip Orlando
It’s clear the anemic March labor market report was a weather-impaired aberration.
Orlando's Outlook: Is millennial stress weighing on housing and autos? 
Jun. 30, 2017 :: Philip Orlando
From a sharing economy to high college debt, millennials just don't seem that interested in buying homes and cars.
Orlando's Outlook: Immigration reform important to economic growth 
Jun. 23, 2017 :: Philip Orlando
Immigration policies can be employment- and growth-driven while keeping the country safe.
Orlando's Outlook: Just say no 
Jun. 14, 2017 :: Philip Orlando
Republicans must pass good legislation to counter the Democrats' 'resistance.'
Orlando's Outlook: Round trip 
Jun. 9, 2017 :: Philip Orlando
The latest Federated Macro Policy Committee observations of and positions on the U.S. economy.
Orlando's Outlook: Mayday for May's jobs report 
Jun. 2, 2017 :: Philip Orlando
D.C. dysfunction and lack of people with the skills needed reasons combine for poor jobs report.
Orlando's Outlook: OPEC extends production cuts 
May 26, 2017 :: Philip Orlando
More Americans will travel this Memorial Day weekend, and less oil will flow due to OPEC meeting.
Orlando's Outlook: Inflation stalls 
May 19, 2017 :: Philip Orlando
The Fed likely won't be distracted by the slowdown in inflation or Washington-related noise.
Orlando's Outlook: Retail sales bounce despite dinosaur department stores 
May 12, 2017 :: Philip Orlando
Confident consumers should continue to spend, just differently than they have.
Orlando's Outlook: Labor market redemption 
May 5, 2017 :: Philip Orlando
April's robust jobs report confirms that March's miss was an aberration.
Orlando's Outlook: Another punk first-quarter GDP 
Apr. 28, 2017 :: Philip Orlando
U.S. GDP growth is (yet again) slow in the first quarter, leading us to (yet again) forecast a rebound.
Orlando's Outlook: 100-day report card 
Apr. 21, 2017 :: Philip Orlando
The latest Federated Macro Policy Committee observations of and positions on the U.S. economy.
Orlando's Outlook: Going nuclear 
Apr. 11, 2017 :: Philip Orlando
Implications from the nomination of Neil Gorsuch to the Supreme Court.
Orlando's Outlook: 'Hey, Stella!' 
Apr. 7, 2017 :: Philip Orlando
Winter storm Stella did a number on the March payroll report; expect a snap back in April.
Orlando's Outlook: Core inflation grinding higher 
Mar. 31, 2017 :: Philip Orlando
Growing inflation should prompt the Fed to continue to hike interest rates, driving both bond yields and stock prices higher over time.
Orlando's Outlook: Negative momentum in Washington 
Mar. 24, 2017 :: Philip Orlando
Financial markets hate uncertainty, so continued congressional intransigence could introduce volatility.
In Short: Federated adds to equity overweight 
Mar. 22, 2017 :: Philip Orlando
Asset-allocation committee views pullback as opportunity for long-term stock investors.
Orlando's Outlook: Beware the Ides of March 
Mar. 14, 2017 :: Philip Orlando
The latest Federated Macro Policy Committee observations of and positions on the U.S. economy.
Orlando's Outlook: Another solid jobs report 
Mar. 10, 2017 :: Philip Orlando
In addition to headline gains in nonfarm payrolls, the report had strong details.
Orlando's Outlook: Striking the right balance on immigration 
Feb. 24, 2017 :: Philip Orlando
We can improve GDP growth and protect the U.S. from terrorism without sacrificing healthy levels of safe immigration.
Orlando's Outlook: Has the post-election consumer turned the corner? 
Feb. 17, 2017 :: Philip Orlando
Just when it seemed the Grinch had won, data shows Christmas retail sales were the best in five years.
Orlando's Outlook: Positive 'January Barometer' raises likelihood of good year 
Feb. 8, 2017 :: Philip Orlando
Historically, as the first five trading days of January go, so goes the month; and as the month goes, so goes the year.
Orlando's Outlook: January jobs report trumps consensus 
Feb. 3, 2017 :: Philip Orlando
Big jump in nonfarm payrolls and rising labor force participation are welcome changes, but wage growth unexpectedly slows.
Orlando's Outlook: Huge trade drag hurts Q4 GDP 
Jan. 27, 2017 :: Philip Orlando
The problem was the largest drag from trade in six years, in part due to the unwinding of the unsustainable surge in soybean exports in Q3.
Orlando's Outlook: Buy the election, sell the inauguration? 
Jan. 20, 2017 :: Philip Orlando
Recent sideways market likely reflects investors' desires to see what Trump and GOP Congress actually do over the few months.
Orlando's Outlook: What a difference a year makes 
Jan. 13, 2017 :: Philip Orlando
The January Barometer is predicting good conditions for the economy and equities in 2017.
Orlando's Outlook: December jobs report ends 2016 on sour note 
Jan. 6, 2017 :: Philip Orlando
Job growth decelerates as the economy closes out 2016.
Orlando's Outlook: Will surge in confidence boost consumer spending? 
Dec. 27, 2016 :: Philip Orlando
Consumer confidence readings are high, but will holiday spending follow suit?
Video: Election Watch: American Brexit 
Nov. 9, 2016 :: Philip Orlando
Chief Equity Strategist Phil Orlando provides his thoughts on what to expect with a Trump presidency.
Video: Election Watch: The debates are over 
Oct. 20, 2016 :: Philip Orlando
Chief Equity Strategist Phil Orlando provides his thoughts on the final presidential debate leading up to the election.
Video: Not a Coronation 
Aug. 1, 2016 :: Philip Orlando
Chief Equity Strategist Phil Orlando offers his views on the Democratic and Republican conventions.
Video: Is Trump the new "Brexit?" 
Jun. 28, 2016 :: Philip Orlando
Chief Equity Strategist Phil Orlando describes four important similarities between Brexit and the U.S. presidential election.
Orlando's Outlook: Strong December jobs report doesn't matter for markets 
Jan. 8, 2016 :: Philip J Orlando
The labor market was much stronger than expected in December, which should have quelled some of the China-driven angst that has roiled global markets thus far in 2016.