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"A stable macro economy is supporting low stock market volatility. Real GDP growth has been less than half as volatile over the past 5 years as over the last 50."

DR. DAVID KELLY, GLOBAL MARKET STRATEGIST
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Featured Market Insights

3Q Earnings Update: Earnings will set you free
The third quarter saw another instance of strong performance for both U.S. and global equity markets, with the MSCI All Country World Index rising by 5.3% in U.S. dollar terms and the S&P 500 rising by 4.5%.
Energy stocks: Opportunity or value trap?
The S&P 500 energy sector has lagged the strong performance of the broader index, falling by over 6% so far this year.
Should investors be worried about a pullback in equities?
The S&P 500 is up over 10% this year, but the largest pullback we have seen has been a mere 3%.

Quarterly Perspectives

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