U.S. and Emerging Markets Lead Earnings Growth
– We believe growth will be broad-based in the first quarter, though earnings gains are expected to be particularl strong in the energy, financials, and technology sectors. – Based on consensus estimates, we could see positive earnings growth in all 11 sectors. Click...
– During midterm years, the S&P 500 Index has gained only 0.1% on average between May and October, the worst out of the four-year presidential cycle. – However, that pattern may not hold this year, as the past few years the May through October period stocks have...
– European stocks have meaningfully underperformed their U.S. counterparts over the past several years. – In recent months, softer economic data, weaker earnings, and Italy fears have weighed on European stocks. Click here to download a PDF of this report. ...
– The projected longer-run neutral policy rate and the current rate have been converging from both directions. – At some point, probably in the next year, they’ll be close enough for the Fed to stop calling its policy stance accommodative. Click here to download a PDF...
