Stocks endured significant volatility last week but showed some resilience Wednesday, August 7, when the S&P 500 Index dropped as much as 2% intraday before rallying back late to close slightly positive. Stocks ended the week near flat, putting the S&P 500...
KEY TAKEAWAYS Last week’s stock market slide begs the question whether this August will fit its historical pattern of seasonal weakness. With the latest escalation of trade tensions, investors should be prepared for more market volatility this month. Other keys for...
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 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 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...
