KEY TAKEAWAYS First quarter GDP growth was surprisingly strong. Net exports and inventories were significant contributors amid ongoing trade tensions. We expect consumer and business spending to carry economic growth more in future quarters. Click here to download a...
KEY TAKEAWAYS We look at what’s priced into stocks following year-to-date strength to help gauge potential impact of surprises and disappointments. When we look at what’s not priced in, we see several possible surprises that could propel the stock market to new highs....
KEY TAKEAWAYS Our Beige Book Barometer climbed from a seven-year low. Strong words increased, but weak words remained elevated as businesses dealt with lower demand. Oil districts’ weakness had a notable impact on the sentiment gauge. Click here to download a PDF of...
KEY TAKEAWAYS U.S. stocks have rallied back near all-time highs in an impressive feat of momentum. This momentum could fade as stocks grapple with overbought conditions and mixed signals. Overall, we expect the S&P 500 to move higher after a period of...
COMPASS CHANGES Lowered Stocks view from Neutral/Positive to Neutral Lowered U.S. Equities view from Neutral/Positive to Neutral Raised Bonds view from Negative/Neutral to Neutral INVESTMENT TAKEAWAYS With the S&P 500 Index nearing our year-end fair value target...
