KEY TAKEAWAYS Stocks have benefited recently from increasing hopes of a Fed rate cut, although investors probably won’t get one this week. Stocks’ historical performance after initial Fed rate cuts has been mostly positive, but it has been greatly dependent on the...
ECONOMY: SIGNS OF ECONOMIC RESILIENCE IN MAY U.S. economic data improved in May on balance, even as investors battled a resurgence in U.S.-China trade tensions. Leading indicators signaled low odds of a recession in the coming year. The Conference Board’s Leading...
KEY TAKEAWAYS Policy uncertainty remains high, particularly around trade. While it is good news that an agreement was reached with Mexico over the weekend to avoid those tariffs, a trade deal with China is unlikely until more economic pain is incurred by both China...
KEY TAKEAWAYS Worrisome signals from the bond market contributed to stocks’ first monthly decline of 2019. While we expect rates to end the year solidly above current levels, until we get some good news on the trade front, rates are likely to remain stubbornly low. If...