Key changes from May’s report: Upgrade Value from Neutral to Positive, Downgrade Growth to Negative from Neutral. Upgrade Industrials from Neutral to Positive, Downgrade Technology to Neutral from Positive § Upgrade Developed International from Negative to Neutral,...
Fiscal stimulus, which was central to the market rebound in the last year, may start moving to the sidelines over the rest of 2021 and into 2022 as the recovery continues. Economic growth can compensate for the loss of government checks to households and businesses,...
As we move into June, we see a path to normalcy coming quickly with stadiums allowing full capacity, restaurants filling up, and summer vacations in full swing. Meanwhile, the U.S. economy continues to recover remarkably quickly and the stock market is near all-time...
After one of the worst starts to a year for fixed income, returns may not get much better from here. Long-term interest rates have traded sideways recently but we expect rates to potentially rise further, which would put downward pressure on bond prices. We’re not...
After one of the best starts to a bull market in history, the rally has started to show signs of fatigue. A strong economic recovery lies ahead as the roepening continues, bolstering a very strong earnings outlook that is helping stocks grow into elevated valuations....
Key changes from April’s report: Upgrade view of small caps from neutral to positive and downgrade view of large caps from neutral to negative. Upgrade view of real estate from negative to neutral, and downgrade healthcare view from neutral to negative. First quarter...
