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Market Commentary

Stocks Reach Record Highs - April 29, 2019

Stocks reached new highs last week. The S&P 500 Index completed a V-shaped recovery last week to register its first record high since September 20, 2018, to close at 2933.68 on April 23. Here we share our thoughts on what this record could mean for stocks going forward.

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Fading Momentum - April 22, 2019

U.S. stocks are sitting at the same levels they were seven months ago, but the path hasn’t been straight. Equity investors have been on a bumpy ride since September 2018, and investors’ resolve has been tested amid back-and-forth in trade negotiations, a historic government shutdown, Brexit, the Federal Reserve’s (Fed) U-turn in policy, and signs of a global slowdown.

Fortunately, the S&P 500 Index weathered a steep decline late last year and has found its way back around record highs. Stocks’ historically strong start to the year has been promising, but there are still signals that more weakness could be in store before the S&P 500’s next leg higher.

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The Stock Market's Final Four - April 1, 2019

The NCAA Final Four is set. On the men’s side, Auburn, Michigan State, Texas Tech, and Virginia are headed to Minneapolis to determine this year’s college basketball national champion. On the women’s side, UConn and Oregon punched their tickets over the weekend while the other two spots will be decided tonight — Baylor and Notre Dame are the favorites.

In that spirit, our weekly commentaries discuss our “Final Four Factors” for the markets and economy over the balance of the year.

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The Bull Turns 10 - March 4, 2019

The bull market will celebrate its tenth birthday on March 9, 2019. During that period, the S&P 500 Index has increased more than fourfold in value, producing a total return of 410% (17.7% annualized) while rising 314% in price. Concerns over the global economy, along with a potential policy mistake by the Federal Reserve (Fed) and the trade dispute with China, all have many wondering just how much the longest bull market ever could have left in the tank. This week, we’ll show why this bull market is indeed alive and well and could make it to 11 next year.

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Five Key Questions - February 25, 2019

This week we reassess the stock market landscape following the latest rally. Specifically, we answer five of the most common questions we’ve received recently. We use multiple lenses to assess the stock market, including fundamentals, valuations, and technical analysis.

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