The equity markets struggled in the week ending Thursday, August 8, weighed down by currency-related trade uncertainty after China retaliated against new tariffs by devaluing the yuan…
Gross domestic product (GDP) increased 2.1% in the second quarter, bolstered by consumer spending’s 2.9% contribution to growth…
Despite last week’s losses, 2019 has been a good year for stocks—the S&P 500 is up 17% year to date through August 2 and, excluding any losses Monday, still stands just 3% from its all-time closing high on July 26…
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...
First quarter gross domestic product (GDP) rose 3.1%, according to the first revision released May 29…
The June jobs report was weaker than expected, fueling worries that trade tensions have infiltrated an otherwise solid U.S. labor market…
We expect slightly positive earnings growth in the second quarter, with substantial drag from falling technology sector earnings…
The main drivers of the strong first half were the Federal Reserve’s (Fed) U-turn on monetary policy and progress on trade…
We expect stocks to move higher over the second half of the year. Stocks already have had quite a run in 2019, buoyed by a return to fundamentals…
Stocks have benefited recently from increasing hopes of a Fed rate cut, although investors probably won’t get one this week…