The current earnings season has been mixed; lower energy prices and a stronger dollar are headwinds, but health care sector M&A is providing an offset.
Inventories tend to have a cycle of their own, growing and contracting several times over the course of an expansion.
1Q18 earnings update: A tailwind from taxes
The economic backdrop in 2019 has been characterized by weakness in manufacturing being offset by the resilience of services and health of the consumer.
Now is an opportune time for investors to reassess whether passive bond investing can deliver on their fixed income allocation objectives.
Due to interest rates and growth assets, funded status fell 3.5% this month from 91% to 87.5%.
Funded status rose 1.9% this month due to interest rates and growth assets.
Due to a decrease in rates, funded status fell 2.7% this month from 88.1% to 85.4%.
Due to a 30 bps decrease in discount rates, funded status fell 1.3% this month from 90.4% to 89.1%
This bulletin recaps the second quarter earnings season and discusses the outlook for earnings for the rest of 2016.