Market Updates
October 28, 2024
Despite a spike in 10-year Treasury yields and renewed risks of inflation, encouraging economic factors and positive investor sentiment have prevailed. Taking the long view, we believe the U.S. economy remains the most dynamic and resilient in the world.
October 21, 2024
As the year draws to a close, markets face economic and geopolitical risks in the context of a contentious U.S. presidential election. Still, a variety of reasons suggest Value-oriented Equities may still be a sweet spot.
October 15, 2024
Strong economic factors support strength in Equities, reinforcing our view that the September rate cuts are likely more about fine-tuning policy than battling a recession. Also, how generative AI may support a positive backdrop for the Utilities sector.
October 7, 2024
A robust economy, dominant dollar and reflationary fiscal policy reinforce our preference for U.S. assets over international choices as geopolitical conflicts and supply chain pressures grow. Also, what Fed policy could mean for small-caps.
September 30, 2024
This week we explain why investors need a more nuanced view of the U.S. Consumer given they are the pulse of the U.S. economy – and in our view, remains solid. We also review Emerging Markets and Europe amid the new fed easing cycle.
September 23, 2024
We believe the economy and markets give little support for the Fed's belief that policy is restrictive. While investors continue to think twice when it comes to China, foreign investors have shown a remarkable penchant to “Buy America" over this century.
September 16, 2024
The election will have implications for fixed income markets, but we believe it would take much weaker economic growth to spur a recession. This plus the latest on the possible government shut down.
September 9, 2024
August taught us, market turbulence will likely come up against tailwinds, but what investors still don't get about the U.S. Economy is that as markets chop and churn through volatility our economy remains dynamic and diverse. Mixed economic data reflect the transition to the new economy with stronger than expected consumer spending, and other positive trends.
September 3, 2024
This week we explore how rate cut expectations are broadening the equity market rally. We also discuss our view of conditions as a “buffalo market" and send a reminder “don't overlook earnings", since a strong earnings backdrop helps to reinforce our equity overweight.
August 26, 2024
Whether the economy enters a recession has often been the main determinant of whether a period of market weakness becomes deeper and more extended. Plus we foresee deficits remaining large and debt levels concerning, but also believe federal stimulus will be a tailwind for corporate earnings.
August 19, 2024
Bigger deficits mean a higher neutral rate, which helps explain why risk assets have been rising instead of falling as they normally do when monetary policy is restrictive. Plus the August market meltdown in perspective, and are there early signs of a thawing housing market?
August 12, 2024
We discuss some potential drivers of defense stocks, including geopolitical risks, the evolving nature of war and the role of private and smaller companies. Plus reports of the death of the 60/40 portfolio are greatly exaggerated, and implications for investors of falling global fertility rates.
