KEY TAKEAWAYS We would recommend tilting equity allocations slightly toward value because of the duration and magnitude of the growth rally, but we recognize growth may get a boost from the Fed. Small cap underperformance experienced over the past year may continue as...
KEY TAKEAWAYS The Fed is expected to cut rates this week for the first time in 10 years. We view any upcoming cut as a policy adjustment, not a response to significant economic weakness. A rate cut could help boost consumption and sentiment and lead to even looser...
KEY TAKEAWAYS 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. The Fed tailwind is at the market’s back, making further stock market gains a realistic possibility. We expect the ride to...
KEY TAKEAWAYS Consumer activity rebounded strongly in the second quarter. Still, GDP likely expanded at the slowest pace in three years as other sectors dragged on growth. We’re encouraged by the strength in consumer spending, but economic growth needs to be broader....
COMPASS CHANGES No changes INVESTMENT TAKEAWAYS Stock valuations remain favorable in our view even with the S&P 500 Index near our year-end fair value target of 3,000. We would consider raising this forecast if clarity on trade and monetary policy result in an...
