Global Portfolio Strategy

Global Portfolio Strategy | October 9, 2020

Stocks pulled back in September as COVID-19 cases rose, causing the economic recovery to begin to lose some momentum. Policymakers in Washington, DC, struggled to reach an agreement on a stimlus package, and markets got a bit jittery as Election Day approached. The...

Global Portfolio Strategy | September 11, 2020

Stocks continued their positive momentum with strong gains in August, sending the S&P 500 Index to new record highs before volatility returned in early September. The economic recovery remained on track even as the threat of COVID-19 lingers, while massive...

Global Portfolio Strategy | August 11, 2020

Stocks continued to rally in July despite elevated COVID-19 cases in many US states and globally, as well as evidence that the economic recovery was leveling off based on high-frequency economic data. Low interest rates amid ongoing massive stimulus and optimism...

Global Portfolio Strategy | June 9, 2020

Investment Takeaways Market pundits may have to revisit the popular “Sell in May” adage as stocks rose for the seventh May in the past eight years. The disconnect between the strong stock market rally in the S&P 500 Index from March lows and the economic impact...

Global Portfolio Strategy | May 11, 2020

Investment Takeaways As May began, investors continued to try to reconcile the strong rebound in stocks with the devastating economic damage from COVID-19. Given the strength of the rally since the March lows, in our view, the risk of a correction in the short term...