Earnings Recap: Still Hanging In There
Earnings growth of 6-7% doesn’t sound very exciting, but given the challenges corporate America has faced, we consider the nearly-complete second quarter earnings season a resounding success.
New Bull or Bear Rally?
After the summer rebound in stocks, investors are asking whether this is a bear market rally that will soon fizzle or the start of a new bull market.
The Case for a U.S. Recession Weakens
Odds are still perhaps a coin flip or better that a recession may come in the next year. Here we update changing prospects and what they might mean for stocks.
The Second Half: Constructive on Equities, But Not Complacent
While we acknowledge that a V-shaped recovery is probably not in the cards, we remain constructive on equities for the second half, but not complacent.
Relief at the Pump and for Portfolios?
We see some early signs that energy trends could be changing, which would not only have positive implications for consumers’ wallets, but also potentially investors’ investment portfolios.
Is the 60/40 Portfolio Dead?
This year has been tough for investors, not just because stocks have fallen but also because bonds have not helped mitigate those losses as they have historically done. What does this mean for the 60/40 portfolio?
The Economy Is Slowing But Not Shrinking
Many pundits are issuing recession warnings and saying the economy is heading for a hard landing. Amid the cacophony of voices, we think the economy is slowing just like central bankers want but not shrinking.
Looking through the Clouds
Making the case for stocks to stage a second half rally back to the prior highs requires investors to see through some heavy cloud cover.
Corporate America Delivers, Market Attention Focused Elsewhere
First quarter earnings season was solid by just about any measure, but based on recent market behavior it’s obvious that in general market participants paid little attention.
Have We Really Seen Extreme Pessimism Yet?
It’s been a very tough start to the year with both stocks and bonds down sharply. So perhaps it is no surprise that investor sentiment polls are showing signs of extreme pessimism.