COMPASS CHANGES No changes. INVESTMENT TAKEAWAYS Expectations for solid but slower growth in the U.S. economy and corporate profits support our forecast of 8–10% returns for the S&P 500 Index in 2019*. We maintain our slight preference for value due to attractive...
KEY TAKEAWAYS S&P 500 earnings growth will slow in the fourth quarter but is still expected to be strong. U.S. economic growth, tax cuts, higher oil prices, and corporate stock buybacks are among the positive drivers. However, earnings may be capped by trade...
KEY TAKEAWAYS A significant drop in stock market valuations may portend aboveaverage stock market performance, based on history. Stocks also look attractively valued relative to bonds based on a comparison of earnings yields. Though it is difficult to think long term...
KEY TAKEAWAYS The S&P 500 Index came about as close as possible to the technical definition of a bear market without officially registering one. We offer some historical perspective on bear markets and our latest thoughts on fundamentals, the Fed, the government...
COMPASS CHANGES Downgraded small growth from neutral to negative/neutral. Downgraded small value from neutral/positive to neutral. Upgraded large growth from negative/neutral to neutral. Downgraded hedged foreign bonds from neutral to negative/neutral. INVESTMENT...
KEY TAKEAWAYS Last week’s losses were driven primarily by increased recession fears related to U.S.-China trade tensions, a possible Fed policy mistake, and sharply lower oil prices. Recent volatility may have provided one of the most important ingredients of a stock...
