ECONOMY: U.S. ECONOMY MODERATES, FED SHIFTS IN JUNE U.S. economic data moderated in June as trade tensions plagued the global economy. Leading indicators slowed, but remained largely resilient against trade headwinds. The Conference Board’s Leading Economic Index...
KEY TAKEAWAYS Recent Fed commentary reinforces the chance of a July rate cut. Trade tensions and political pressures are forcing global central banks to loosen monetary policy Easing policy may provide a short-term boost, but the global economy needs trade resolution....
KEY TAKEAWAYS We expect slightly positive earnings growth in the second quarter, with substantial drag from falling technology sector earnings. The big question for investors this quarter is how much tariff costs are reflected in analysts’ earnings estimates. We...
KEY TAKEAWAYS The S&P 500 delivered its best first-half performance since 1997, raising questions about what that strong start may mean for the second half. Stocks’ track record after the strongest first-half rallies is mixed but points to modest gains ahead. We...
KEY TAKEAWAYS The June jobs report was unexpectedly strong, especially after a disappointing May Labor market strength could buoy otherwise moderate economic prospects. However, the resilient job market could complicate the Fed’s policy debate. Click here to download...
Happy Birthday, United States of America! As we celebrate our nation’s birthday, U.S. leadership on the world stage remains in focus. We received good news on the global trade front from the recent G20 Summit in Japan. President Trump and China’s President Xi agreed...
