Market participants remain focused on downside risks, leading pessimism, rather than optimism, to permeate the investment landscape
The U.S. economy should slow but not stall in 2019 due to fading fiscal stimulus, higher interest rates and a lack of workers. Even as unemployment falls further, inflation should be relatively contained.
This bulletin recaps the second quarter earnings season and discusses the outlook for earnings for the rest of 2016.
After a relatively quiet summer, volatility spiked in October as investors worried about rising rates, peak economic and earnings growth and geopolitical tensions.
Now is an opportune time for investors to reassess whether passive bond investing can deliver on their fixed income allocation objectives.
While increased volatility may be on the horizon, strong earnings growth will prevent minor pullbacks from becoming more severe and will support a continued rise in U.S. equity markets in the face of rising rates.
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.
1Q18 earnings update: A tailwind from taxes
Equities continue to look attractive relative to fixed income, and could very well move higher in the short-term given firmer economic data and a Fed on hold.