Greysteel Capital Markets Update | February 2019

February 5th, 2019 by Keeley Byer

January’s economic data gave investors a warm welcome (polar vortex aside) as we kicked off 2019. A much better than anticipated jobs report showed that the economy is still generating a substantial number of jobs while inflation has stayed largely in check. The Federal Reserve did not raise rates this month and provided guidance indicating it has softened its position on future rates hikes in the near future, which helped to keep the 10-Year Treasury flat for the month, ending at 2.63%. All of this was encouraging to the equity markets, as the S&P 500 index was up nearly eight percent…

Greysteel Capital Markets Update | January 2019

January 3rd, 2019 by Keeley Byer

In a tumultuous last month of the year, policymakers and the U.S. economy showed conflicting signs of what to anticipate going forward into 2019. In December, the Federal Reserve raised its benchmark interest rate 25 bps and provided guidance for potentially fewer rate hikes in the new year. Stock market volatility was at a peak and December ended as one of the worst months of performance in history, with all indices down at least 8.7%. As a result of this news and mounting fears of an economic slowdown, the 10-Year Treasury yield saw a precipitous drop in excess of 30 bps, from 3.01% at…

Greysteel's Ryan Floyd and Scott Whitfield Talk Denver State of the Market

December 7th, 2018 by Keeley Byer

Greysteel's Ryan Floyd and Scott Whitfield were featured in the November 2018 issue of the Colorado Real Estate Journal to discuss the State of the Market as Strong Economic and Population Growth Continues in Denver.

Denver has been a premier destination for job seekers in this growth cycle, especially for educated millennials, and current labor conditions reinforce this proposition today. Net migration and total employment growth remain well above the national average.