KEY TAKEAWAYS Last week’s stock market rally was driven by optimism (now clearly warranted) surrounding U.S.-China trade talks and a more dovish Fed. The events added to the positive fundamental case for stocks here, while stock valuations are quite reasonable. The...
KEY TAKEAWAYS Third quarter earnings season was again very impressive, with S&P 500 Index earnings growing 28% year over year, the fastest pace since the fourth quarter of 2010. A pickup in economic growth, strong manufacturing activity, and tax cuts were the key...
KEY TAKEAWAYS Getting past the midterm election removes uncertainty and enables investors to focus on fundamentals, which we believe can be positive for stocks. Gridlock may potentially help shorten and smooth out the path to a possible trade deal with China....
KEY TAKEAWAYS October was one of the worst months for stocks in years. Stocks have historically turned bullish into year-end following midterm elections. Within the four-year presidential cycle, this quarter and the following two quarters next year are historically...
KEY TAKEAWAYS The S&P 500 fell about 4% last week amid a myriad of concerns, among them possible peak earnings and a potentially overly aggressive Federal Reserve. Historical market patterns suggest solid prospects for a late-year rally remain in place. We see...
KEY TAKEAWAYS With about one-fifth of third quarter earnings results in, the numbers have been solid thus far despite tariffs and increasing wage pressures. We expect the good results to continue based on the favorable U.S. macroeconomic environment, including robust...
