Capital Market Outlook

IN THIS ISSUE

• Macro Strategy — Homestretch: Three Exhibits That could Help Decide and Determine the U.S. Election: We discuss how the election could potentially hinge on no-show voters and highlight the timeline between election day and the inauguration.
  
  
• Market View — A Fear Of Heights: What Could Cause The Markets To Lose Altitude?: Just into year-end, the market will contend with several risks: the potential for less benign economic data; a contentious U.S. presidential election; a stalling to the healthy broadening of earnings; and, heightened anxiety about geopolitics.
  
  
• Thought of the Week — An Update on Style Trends: A variety of reasons suggest we are in the sweet spot for Value-oriented Equities: easier monetary policy, a broadening market, and a positive earnings and valuation backdrop.​