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…
Research
Market Insight Monthly | July 2019
Gross domestic product (GDP) increased 2.1% in the second quarter, bolstered by consumer spending’s 2.9% contribution to growth…
Seasonal Slump? | Weekly Market Commentary | August 5, 2019
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…
A Fed Rate Cut and the Economy | Client Letter | August 1, 2019
We hope you have had an enjoyable summer! Thus far, temperatures have been at a maximum for much of the country, while typical summer storms have been at a minimum…
More On Fed Rate Cut Implications | Weekly Market Commentary | July 29, 2019
The Federal Reserve (Fed) is likely to start an easing cycle this week, which has several investment implications…
Riding The Wave…For Now | Weekly Market Commentary | July 22, 2019
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…
Market Insight Quarterly | Second Quarter 2019
First quarter gross domestic product (GDP) rose 3.1%, according to the first revision released May 29…
Market Insight Monthly | June 2019
The June jobs report was weaker than expected, fueling worries that trade tensions have infiltrated an otherwise solid U.S. labor market…
Q2 Earnings: Muddling Through | Weekly Market Commentary | July 15, 2019
We expect slightly positive earnings growth in the second quarter, with substantial drag from falling technology sector earnings…
Taking Stock At The Halfway Mark | Weekly Market Commentary | July 8, 2019
The main drivers of the strong first half were the Federal Reserve’s (Fed) U-turn on monetary policy and progress on trade…