Market participants remain focused on downside risks, leading pessimism, rather than optimism, to permeate the investment landscape
The economic backdrop in 2019 has been characterized by weakness in manufacturing being offset by the resilience of services and health of the consumer.
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.
Now is an opportune time for investors to reassess whether passive bond investing can deliver on their fixed income allocation objectives.
Markets have bounced back nicely in 2019 after a volatile December due to concerns of rising rates, peak economic and earnings growth and geopolitical tensions.
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.
Alternatives for uncorelated income
Due to growth assets and interest rates, funded status rose 1.5% this month from 85.4% to 86.9%.
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.