Expectations for solid but slower growth in the U.S. economy and corporate profits support our year-end 2019 fair value target for the S&P 500 of 3000.
Portfolio Compass | March 20, 2019
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Research
Market Insight Monthly | February 2019
U.S. economic data were sound in February, even as confidence fell amid uncertainty from global trade and political headwinds.
An Attention-Grabbing Jobs Report | Weekly Economic Commentary | March 18, 2019
A disappointing February jobs report, released March 8, has increased concerns about a slowing U.S. economy among some market participants.
Movin on Up (in Market Cap) | Weekly Market Commentary | March 18, 2019
Large caps may be better positioned than small caps, given where we are in the business cycle.
Modest Pullback Or Something Bigger? | Weekly Market Commentary | March 11, 2019
Fundamentals remain sound, valuations are reasonable, and most technical indicators we follow point to further potential gains ahead.
Main Street Sentiment At 7-Year Low | Weekly Economic Commentary | March 11, 2019
Pessimism has rapidly infiltrated Main Street’s outlook, according to the Federal Reserve’s Fed) latest edition of the Beige Book.
Bull Market Reaches 10 Years | Client Letter by John Lynch | March 7, 2019
The S&P 500 Index has staged an impressive rally after nearly entering a bear market December 24, with U.S. stocks notching their best start to a year since 1991.
The Bull Turns 10 | Weekly Market Commentary | March 4, 2019
During the 10-year bull market, the S&P 500 Index has more than quadrupled in value.
An Aging Cycle | Weekly Economic Commentary | March 4, 2019
As the U.S. stock rally’s double-digit birthday nears, we’ve reflected a lot on the durability of he current economic cycle.
Five Key Questions | Weekly Market Commentary | February 25, 2019
Recent gains eliminated oversold conditions and pushed valuations higher, raising the bar for further gains and making the next leg higher more difficult to achieve.