Market Perspective
Market Perspective provides timely insights into current market events and explains what the latest events might imply for your portfolio and your investment decisions.
Market Getting Stretched Consistent with First Phase of Bull, While Earnings Underappreciated
• After the unrelenting move higher over the past five months, the market is becoming stretched to the upside from a short-term perspective.
Elections & Markets: Conventional Wisdom Often Wrong
It is an election year, and emotions are running high.
Weight of the Evidence Suggests Early Stage of Bull Market
Our base case outlook remains that we are in a bull market that kicked off in March.
Strong Quarterly Return Also Consistent with Onset of New Bull
The S&P 500’s second quarter gain ranks as its best quarterly return since 1998 and fourth highest since 1950.
A Nuanced View of Earnings and Valuations
The near-term earnings and valuation picture is filled with uncertainty; however, earnings trends appear to be turning the corner after cuts reached the most extreme level since 2009.
Coronavirus Gut Check of Longer-Term Bull Market
After a tremendous rise over recent months, stocks saw the greatest one-day decline since mid-March.