KEY TAKEAWAYS February’s job growth was disappointing, but it followed the biggest two-month gain since 2016. Job growth and modestly rising wages remain strengths of the current economy. We don’t see signs of February’s jobs report impacting growth expectations or...
KEY TAKEAWAYS Small cap stocks have performed well so far in 2019; however, we believe the environment is getting tougher. Large caps may take the baton and sustain leadership as small cap performance potentially enters a weaker phase. Small and large cap stocks may...
The Markets Investors were pleased with the Federal Reserve’s (Fed) new approach to its balance sheet. The Fed delivered its semi-annual Monetary Policy Report to Congress last week. The report recapped the events of late 2018 and reiterated the Fed’s intention to...
KEY TAKEAWAYS Following such a strong rally since the December 24 lows, a pullback is reasonable to expect. We expect additional stock market weakness beyond last week’s more than 2% decline to be modest. Fundamentals remain sound, valuations are reasonable, and most...
KEY TAKEAWAYS Our Beige Book Barometer has dropped to its lowest level since the 2011 European debt crisis. The lower BBB reading is due more to a low level of strong words than a high level of weak words. Mentions of uncertainty reached a new high amid global...
