Trade and impeachment have garnered a lot of the headlines recently, but behind the scenes the U.S. economy has remained resilient.
October Heats Up | Client Letter | October 3, 2019
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Research
Global Economy Muddles Along | Weekly Market Commentary | September 30, 2019
The U.S. economy continues to perform well when compared to the rest of the developed world, and is still exhibiting growth near its long-term trend…
Global Economy Muddles Along | Weekly Market Commentary | September 30, 2019
The U.S. economy continues to perform well when compared to the rest of the developed world, and is still exhibiting growth near its long-term trend…
Central Banks Are Back | Weekly Market Commentary | September 23, 2019
Since we began highlighting the return of fiscal leadership as a primary driver for economic and market activity nearly two years ago…
Portfolio Compass | September 19, 2019
We favor large caps as the business cycle ages, though recent small cap strength suggests large cap leadership may have been stretched…
The Curious Case of Negative Yields | Weekly Market Commentary | September 16, 2019
There’s a growing pile of negative-yielding debt around the world amid extraordinary monetary policy initiatives…
Market Insight Monthly | August 2019
U.S. economic data was mixed in August, reflecting the complicated macroeconomic environment in the midst of high trade uncertainty…
Corporate Earnings Outlook | Weekly Market Commentary | September 9, 2019
We lowered our 2019 earnings growth forecast for the S&P 500 Index on August 19 due to increased risk to economic growth and corporate profits from the ongoing trade conflict…
The Dog Days of Summer | Client Letter | September 4, 2019
The Dog Days of Summer were on full display this past month, as a variety of concerns pushed stocks and bond yields lower….
U.S. Treasuries and the Yield Curve | Weekly Market Commentary | September 3, 2019
We recently reduced our year-end forecast range for the 10-year U.S. Treasury yield from 2.5–2.75% to 1.75–2%…