KEY TAKEAWAYS Our Five Forecasters are collectively indicating that further economic growth and stock market gains appear likely This economic cycle is about to turn 10 years old, but we see reasons it can continue. We take a look at market breadth and stock...
KEY TAKEAWAYS We consider first quarter earning season a success based on the upside surprise and resilience of estimates for the rest of this year. It appears an earnings recession has been averted and better earnings days lie ahead, though trade uncertainty is a...
KEY TAKEAWAYS Escalating U.S.-China trade tensions caused stocks to sell off more than 2% last week. Globally exposed sectors paced last week’s declines, namely materials, industrials, and technology. The maximum peak-to-trough decline of less than 3% so far this year...
ECONOMY GREEN SHOOTS IN APRIL ECONOMIC DATA Green shoots appeared in U.S. economic data as the economy entered the second quarter. Leading indicators signaled low odds of a recession in the coming year. The Conference Board’s Leading Economic Index (LEI) rose 3.1%...
KEY TAKEAWAYS The May through October period has historically been the weakest six months for equities. However, in recent years the six-month stretch has seen higher equity prices. This year, with stocks up significantly from the December lows, we advise more caution...
