U.S. stocks have staged an impressive rally over the past few months. While we like seeing stocks rise, we’re starting to see signs of overbought conditions and stretched sentiment in market indicators we watch. We still believe in long-term fundamentals, but we think...
With just 45 S&P 500 Index companies having reported, fourth quarter 2019 earnings growth is tracking to a 2.4% yearover-year decline on 2.5% revenue growth. It’s early in the season, but the slight increase in 2020 S&P 500 earnings estimates since December...
Earnings growth was largely absent in 2019, but we expect it to pick up in 2020. With stock valuations elevated, we think earnings hold the key to pushing stocks higher this year. We preview fourth quarter earnings season and share our thoughts on the outlook for...
Our Recession Watch Dashboard is showing an overall low risk of recession starting within the next year. Because data for the components of this dashboard are available with varying frequencies, some will be more current than others. In all cases, we have used the...
Stocks Rise, Bonds Fall Amid Trade Optimism, Fed Pause Average economic growth, more mixed signals. Third-quarter data showed the U.S. economy grew at an average pace for the economic expansion, with signs of weakening in manufacturing. Gross domestic product (GDP)...
