Key changes from December’s report: Upgraded growth to neutral, downgraded value to neutral Upgraded large caps to neutral, downgraded small and mid caps to neutral Upgraded healthcare to neutral, downgraded industrials to neutral Stocks rose slightly in December, as...
In many ways, 2021 was a typical year for markets, but it also reinforced some basic market lessons that are hard to learn, even if they are not new. As we launch into the New Year, we’re highlighting three 2021 market lessons that we think may matter for 2022: 1)...
We expect interest rates to move modestly higher in 2022 based on near-term inflation expectations above historical trends and improving growth expectations once the impact of COVID-19 variants recede. Our year-end 2022 forecast for the 10-year Treasury yield is...
Historically, December has been a great month for stocks, but now we have the Omicron variant causing major volatility and uncertainty. Still, we remain optimistic that the new worries will subside over the coming weeks and stocks will finish 2021 on a solid note. The...
Key changes from November’s report: Downgraded materials sector view from positive to neutral Upgraded view on Treasury securities from negative to neutral Stocks fell slightly in November, as the S&P 500 lost 0.8% for the month. For much of the month, stocks...
