Strong Week Ahead of Big Weekend | Weekly Market Commentary | December 3, 2018
Last week’s stock market rally was driven by optimism (now clearly warranted) surrounding U.S.-China trade talks and a more dovish Fed.
Source: WEEKLY COMMENTARY
Last week’s stock market rally was driven by optimism (now clearly warranted) surrounding U.S.-China trade talks and a more dovish Fed.
Source: WEEKLY COMMENTARY
We expect robust capex growth to resume once U.S. businesses get more clarity around trade.
Source: WEEKLY COMMENTARY
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.
Source: WEEKLY COMMENTARY
Upgraded our view of mortgage-backed securities (MBS) from neutral to neutral/positive; Downgraded our view of bank loans to neutral from neutral/positive.
Source: WEEKLY COMMENTARY
We still believe trade’s economic impact will be limited, but the indirect consequences should be monitored.
Source: WEEKLY COMMENTARY
Getting past the midterm election removes uncertainty and enables investors to focus on fundamentals, which we believe can be positive for stocks.
Source: WEEKLY COMMENTARY
Overall, October’s economic reports reflected solid U.S. economic growth and manageable inflationary pressures.
Source: WEEKLY COMMENTARY
When it comes to elections, the markets seem to seek clarity above all else; yet there are some policy implications to consider. We break down the 2018 midterm elections in this latest Client Letter.
Source: WEEKLY COMMENTARY
We believe wage growth (and labor costs) will remain manageable amid the Fed’s gradual approach and changing labor market dynamics.
Source: WEEKLY COMMENTARY
Within the four-year presidential cycle, this quarter and the following two quarters next year are historically the best for stocks.
Source: WEEKLY COMMENTARY