In 2024, we believe markets will make a definitive turn to a more recognizable place. En route, the transition will be marked by meaningful shifts in a few key areas. Inflation is going down. The risk of a recession is bubbling up again as the effect of post-pandemic...
Markets are off to a strong start this year, with the S&P 500 Index up about 14% so far. However, most of those gains came early in the year, and many stocks have stagnated over recent months. While we remain overweight on stocks relative to bonds, this week we...
Earnings season is off to a very strong start relative to expectations. Only about 5% of S&P 500 companies have reported results, but 96% have beaten estimates. Forward 12 months’ estimates have already increased by 0.5% since January 1, 2021. Stability of...
