COMPASS CHANGES No changes INVESTMENT TAKEAWAYS Stock valuations remain favorable in our view even with the S&P 500 Index near our year-end fair value target of 3,000. We would consider raising this forecast if clarity on trade and monetary policy result in an...
Stocks Rise, Rates Fall as Investors Position for Lower Rates U.S. economy sends mixed signals amid uncertainty. Second quarter data continued to paint the picture of a slowing but still growing economy. First quarter gross domestic product (GDP) rose 3.1%, according...
ECONOMY: U.S. ECONOMY MODERATES, FED SHIFTS IN JUNE U.S. economic data moderated in June as trade tensions plagued the global economy. Leading indicators slowed, but remained largely resilient against trade headwinds. The Conference Board’s Leading Economic Index...
KEY TAKEAWAYS Recent Fed commentary reinforces the chance of a July rate cut. Trade tensions and political pressures are forcing global central banks to loosen monetary policy Easing policy may provide a short-term boost, but the global economy needs trade resolution....
KEY TAKEAWAYS We expect slightly positive earnings growth in the second quarter, with substantial drag from falling technology sector earnings. The big question for investors this quarter is how much tariff costs are reflected in analysts’ earnings estimates. We...
