The US economy almost certainly entered a recession in March 2020 as a result of the lockdowns and business closures to contain the COVID-19 pandemic…
Prospects for a Swoosh-Shaped Recovery | Weekly Market Commentary | June 8, 2020
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Research
Client Letter | Looking Forward | June 4, 2020
As we look ahead to the summer months, we can’t help but think what a challenging year it’s been so far…
Stocks Rally and Roll | Weekly Market Commentary | June 1, 2020
The rally continued as the S&P 500 Index closed out May on the positive side. The disconnect between stocks and the economy generated widespread concern among some investors.
Earnings Season’s Mixed Results| Weekly Market Commentary | May 26, 2020
At the beginning of the first quarter corporate earnings reporting season, we noted the earnings bar probably wasn’t set low enough, given the abruptness of the shutdowns in March.
Client Letter | Better Times Are Coming | May 21, 2020
In spite of COVID-19 and weak economic data, the S & P 500 Index has rallied, and there are signs of improvement as the economy begins to reopen.
Downside Risk Remains| Weekly Market Commentary | May 18, 2020
Stocks may have been due for a pullback after gains in late March through April and could potentially have further to fall.
Global Portfolio Strategy | May 11, 2020
As May began, investors continued to try to reconcile the strong rebound in stocks with the devastating economic damage from COVID-19.
Time For A Pause? | Weekly Market Commentary | May 11, 2020
The historically worst six months of the year have officially started, and combined with technical warnings, that suggests stocks may take a well-deserved break soon.
Client Letter | To Go But Up | May 7, 2020
Investors like labels for the economy and financial markets—many of them with the word “great” in them. The Great Depression.
Big News And New Forecasts| Weekly Market Commentary | May 4, 2020
The last week of April was a big news week. A very weak first quarter GDP highlighted a busy economic calendar…