Takeaways From Second Quarter Earnings Season

We would say the most important takeaway from the now-completed second quarter earnings season is that earnings are still growing and an earnings rec

We remain fans of diversification, including geographic diversification for suitable equity portfolios. Sticking with that approach has been trying in recent years, however.

As shown in t

U.S. manufacturing contracted in August for the first time since January 2016 as trade uncertainty continued to weigh on the sector.

The Institute for Supply Management’s (ISM) manu

First and foremost, our thoughts are with all of those that were impacted by Hurricane Dorian over the Labor Day holiday and all those that are still in its path.

Many have asked us what

We recently reduced our year-end forecast range for the 10-year U.S. Treasury yield from 2.5–2.75% to 1.75–2%. This significant reduction reflects what we consider the many somewhat curiou

August has a reputation as a volatile month, and it sure delivered this year. After nearly two months without a 1% close higher or lower for the S&P 500 Index, market turbulence re-surfaced in Aug

We have lowered our projections for U.S. gross domestic product (GDP), the 10-year U.S. Treasury yield, and operating earnings for the S&P 500 Index in 2019, as we noted in the August 19 Weekly Ma

When Federal Reserve (Fed) Chair Jerome Powell speaks, markets listen. Friday, August 23, the markets had a new opportunity to gauge the Fed’s direction when Powell gave a closely watched speech

Growth stocks have had an unprecedented run of outperformance compared with value stocks for over a decade now. Strong performance has left valuations at extremes, which we used to support our slight

We are tweaking our 2019 forecasts to reflect increased risk to economic growth and corporate profits from the ongoing trade conflict between the United States and China. We are maintaining our year-e