Portfolio Compass

Portfolio Compass | September 19, 2019

COMPASS CHANGES Upgraded short-maturity municipal bonds from neutral/negative to neutral INVESTMENT TAKEAWAYS We have maintained our S&P 500 Index year-end fair value target of 3,000, even after the index broached that target September 17.* We favor large caps as...

Portfolio Compass | August 21, 2019

COMPASS CHANGES Upgraded our view of large growth from neutral to neutral/positive Downgraded our view of mid value from neutral/positive to neutral Downgraded our view of small value from neutral to negative/neutral Upgraded our view of consumer discretionary from...

Portfolio Compass | July 19, 2019

COMPASS CHANGES No changes INVESTMENT TAKEAWAYS Stock valuations remain favorable in our view even with the S&P 500 Index near our year-end fair value target of 3,000. We would consider raising this forecast if clarity on trade and monetary policy result in an...

Portfolio Compass | June 19, 2019

COMPASS CHANGES Bank loans view lowered from Neutral to Negative/Neutral Industrial metals view lowered from Neutral to Negative/Neutral INVESTMENT TAKEAWAYS We maintain our year-end 2019 fair value target for the S&P 500 Index of 3,000. Despite a slight...

Portfolio Compass | May 16, 2019

COMPASS CHANGES Lowered long-term muni view from Neutral/Positive to Neutral INVESTMENT TAKEAWAYS With the S&P 500 Index near our year-end fair value target of 3,000, coupled with the slightly softer economic and profit growth outlook, we believe a market weight...

Portfolio Compass | April 18, 2019

COMPASS CHANGES Lowered Stocks view from Neutral/Positive to Neutral Lowered U.S. Equities view from Neutral/Positive to Neutral Raised Bonds view from Negative/Neutral to Neutral INVESTMENT TAKEAWAYS With the S&P 500 Index nearing our year-end fair value target...