KEY TAKEAWAYS We are readjusting our recommended domestic equity allocations back to market weight. Following the stock market’s recent move higher, coupled with a slightly weaker economic and corporate profit outlook, the risk-reward trade-off in stocks has become...
ECONOMY SOUND ECONOMIC DATA IN FEBRUARY AMID GLOBAL UNCERTAINTY U.S. economic data were sound in February, even as confidence fell amid uncertainty from global trade and political headwinds. The Conference Board’s Leading Economic Index (LEI), an aggregate of ten...
KEY TAKEAWAYS Small cap stocks have performed well so far in 2019; however, we believe the environment is getting tougher. Large caps may take the baton and sustain leadership as small cap performance potentially enters a weaker phase. Small and large cap stocks may...
KEY TAKEAWAYS Following such a strong rally since the December 24 lows, a pullback is reasonable to expect. We expect additional stock market weakness beyond last week’s more than 2% decline to be modest. Fundamentals remain sound, valuations are reasonable, and most...
KEY TAKEAWAYS During the 10-year bull market, the S&P 500 Index has more than quadrupled in value. It might be the longest bull market, but the 1990s bull market saw substantially higher returns. Market breadth continues to support higher equity prices and...
