The equity markets struggled in the week ending Thursday, August 8, weighed down by currency-related trade uncertainty after China retaliated against new tariffs by devaluing the yuan…
Gross domestic product (GDP) increased 2.1% in the second quarter, bolstered by consumer spending’s 2.9% contribution to growth…
Despite last week’s losses, 2019 has been a good year for stocks—the S&P 500 is up 17% year to date through August 2 and, excluding any losses Monday, still stands just 3% from its all-time closing high on July 26…
Rate cuts have been a sobering reality in investors’ short-term memories, as the Fed resorted to a series of rate cuts to get the U.S. economy out of the depths of the financial crisis in 2008–09…
We hope you have had an enjoyable summer! Thus far, temperatures have been at a maximum for much of the country, while typical summer storms have been at a minimum…
The Federal Reserve (Fed) is likely to start an easing cycle this week, which has several investment implications…
The Fed has strongly hinted toward a rate cut at this meeting, even prepping investors for this decision with a language shift at its June meeting…
We are maintaining our year-end fair value S&P 500 target of 3,000 even though the index is very close to that level…
U.S. economic growth lately has been squarely on consumers’ shoulders. Consumer spending likely added about 2.8% to second quarter gross domestic product (GDP)…
Stock valuations remain favorable in our view even with the S&P 500 Index near our year-end fair value target of 3,000…