Weekly Market Commentary

Since we began highlighting the return of fiscal leadership as a primary driver for economic and market activity nearly two years ago…

There’s a growing pile of negative-yielding debt around the world amid extraordinary monetary policy initiatives…

We lowered our 2019 earnings growth forecast for the S&P 500 Index on August 19 due to increased risk to economic growth and corporate profits from the ongoing trade conflict…

We recently reduced our year-end forecast range for the 10-year U.S. Treasury yield from 2.5–2.75% to 1.75–2%…

We have lowered our projections for U.S. gross domestic product (GDP), the 10-year U.S. Treasury yield, and operating earnings for the S&P 500 Index in 2019…

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…

The Federal Reserve (Fed) is likely to start an easing cycle this week, which has several investment implications…

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…