Weekly Market Commentary

Trade fears swung around stocks last week before some tariffs were delayed August 13 to avoid impacting the holiday shopping season…

Stocks endured significant volatility last week but showed some resilience Wednesday, August 7, when the S&P 500 Index dropped as much as 2% intraday before rallying back…

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...

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…

Last week stocks enjoyed their best week since November 2018 despite rampant policy uncertainty. Policy uncertainty remains high, particularly around trade, but you wouldn’t know it…

Worrisome signals from the bond market contributed to stocks’ first monthly decline of 2019.