The stock market has been hovering near record highs despite an assortment of economic and geopolitical risks…
Market Tricks and Treats | Weekly Market Commentary | October 28, 2019
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Research
Seasonal (Tail)winds | Weekly Market Commentary | October 21, 2019
The stock market has started October on a bumpy path. Many global issues remain unresolved, but seasonal forces, sound fundamentals, and breakthroughs on the trade…
Market Insight Quarterly | Third Quarter 2019
Consumer spending added 3 percentage points to overall growth, while trade and inventories were a 1.6 percentage point drag. Business spending was still a slight drag on growth…
Earnings May See Better Days Ahead | Weekly Market Commentary | October 14, 2019
Corporate America is unlikely to deliver much, if any, earnings growth in the third quarter. However, we think better days lie ahead…
Market Insight Monthly | September 2019
The Conference Board’s Leading Economic Index (LEI) was unchanged month over month in August after a strong July gain…
Policy Uncertainty Intensifies | Weekly Market Commentary | October 7, 2019
Geopolitical matters have complicated the tug-of-war between fiscal and monetary policies and contributed to investor concerns about increased policy uncertainty.
Central Banks Are Back | Weekly Market Commentary | September 23, 2019
Since we began highlighting the return of fiscal leadership as a primary driver for economic and market activity nearly two years ago…
The Curious Case of Negative Yields | Weekly Market Commentary | September 16, 2019
There’s a growing pile of negative-yielding debt around the world amid extraordinary monetary policy initiatives…
Market Insight Monthly | August 2019
U.S. economic data was mixed in August, reflecting the complicated macroeconomic environment in the midst of high trade uncertainty…
Corporate Earnings Outlook | Weekly Market Commentary | September 9, 2019
We lowered our 2019 earnings growth forecast for the S&P 500 Index on August 19 due to increased risk to economic growth and corporate profits from the ongoing trade conflict…