KEY TAKEAWAYS We are maintaining our year-end fair value S&P 500 target of 3,000 even though the index is very close to that level. The Fed tailwind is at the market’s back, making further stock market gains a realistic possibility. We expect the ride to...
Stocks Rise, Rates Fall as Investors Position for Lower Rates U.S. economy sends mixed signals amid uncertainty. Second quarter data continued to paint the picture of a slowing but still growing economy. First quarter gross domestic product (GDP) rose 3.1%, according...
ECONOMY: U.S. ECONOMY MODERATES, FED SHIFTS IN JUNE U.S. economic data moderated in June as trade tensions plagued the global economy. Leading indicators slowed, but remained largely resilient against trade headwinds. The Conference Board’s Leading Economic Index...
KEY TAKEAWAYS We expect slightly positive earnings growth in the second quarter, with substantial drag from falling technology sector earnings. The big question for investors this quarter is how much tariff costs are reflected in analysts’ earnings estimates. We...
KEY TAKEAWAYS The S&P 500 delivered its best first-half performance since 1997, raising questions about what that strong start may mean for the second half. Stocks’ track record after the strongest first-half rallies is mixed but points to modest gains ahead. We...
