KEY TAKEAWAYS Escalating U.S.-China trade tensions caused stocks to sell off more than 2% last week. Globally exposed sectors paced last week’s declines, namely materials, industrials, and technology. The maximum peak-to-trough decline of less than 3% so far this year...
ECONOMY GREEN SHOOTS IN APRIL ECONOMIC DATA Green shoots appeared in U.S. economic data as the economy entered the second quarter. Leading indicators signaled low odds of a recession in the coming year. The Conference Board’s Leading Economic Index (LEI) rose 3.1%...
KEY TAKEAWAYS Markets are positioning for the first Fed rate cut in 10 years. Consumer inflation has weakened, but we (and the Fed) believe the slowdown is temporary. Improving economic conditions support a continued Fed pause. Click here to download a PDF of this...
KEY TAKEAWAYS The May through October period has historically been the weakest six months for equities. However, in recent years the six-month stretch has seen higher equity prices. This year, with stocks up significantly from the December lows, we advise more caution...
If it seems like the financial markets have been off to an unusually strong start to the year—you are correct. The S&P 500 Index has risen for four consecutive months, resulting in the strongest start to a year in more than 30 years! To be fair, the early gains...
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...
