Outlook Charts

Our Views on Equities

Trade Uncertainty Increases Market Volatility

Economic Expansions and Bull Markets.

Businesses Still Showing Plans for Robust Spending.

Economic Forecasts.

U.S. and Emerging Markets Lead Earnings Growth.

Six decades of earnings growth peaks suggests that it took an average of about four years from a profit growth peak before the economy slipped into recession…

A look at the last five economic cycles shows that once the yield curve flattens (represented by a spread reaching 0.5%) the time to recession averaged almost four years…

Over the last five economic cycles, expansions continued for nearly four years (on average) following an ISM manufacturing peak…

PDF of the charts featured in our Midyear Outlook 2018: The Plot Thickens…