Market Outlook
Featured Market Outlook
Recession Indicators Update
A Pivotal Year for Equities
Our Recession Risk Dashboard continues to indicate a cautionary yellow signal with no changes this month, while valuation and allocation trends suggest a positive, albeit choppy, market in 2020.
Federal Reserve Outlook for 2020
The Fed’s inflation focus implies a high bar for rate hikes in 2020. Further cuts this year cannot be ruled out if inflation continues to undershoot the Fed’s target.
Mid Week Bond Update
U.S. Inflation: Managing Expectations
Low expectations are making the Fed's battle to boost inflation harder.
Markets Now: Review and Outlook
A decline in global trade pushed our proprietary leading economic indicator into very negative territory.
Small Cap Outlook
The Year of the Pivot
After a year of unrealized investor fears ended with impressive gains, what’s next for small-cap stocks?
Market Outlook
Mid Week Bond Update
U.S. Corporates: Strong for the Duration
Historically high duration and spreads near cyclical lows reflect a favorable environment for U.S. Corporates.
Mid Week Bond Update
Fed vs. ECB: Dovishly DIfferent
The two central banks have similar objectives, but are working to solve different challenges.
Small-Company Investing
Micro-Cap Stocks: On the Move
After a long period of underperformance, the last three-plus months have seen an encouraging upward move for micro-caps.
2020 Outlook for Global Equities
Accommodative policy moves by global central banks give us an optimistic view of equities heading into 2020.
2020 Outlook for U.S. Equities and Economy
A resilient consumer is likely to propel the bull market and economic expansion through the new year.
Global equity income
What's The Market Not Seeing?
Dividends stocks could emerge as market leaders after a prolonged period when high-quality momentum stocks have outperformed.
Mid Week Bond Update
Central Banks: Still Early Days
The world's biggest central banks are all easing monetary policy. The biggest impact should be in 2020 -- but there are already signs of change.
Around the Curve
Monetary Conditions: Easier Said...
There's a lag before lower rates have their full effect, and the fruits of the current easing cycle by central banks should be clearer in 2020.
Mid Week Bond Update
Inflation: The Long, Long Wait
Inflation and growth have failed to tick higher, despite the efforts of central banks. What are the implications going forward?
Fourth Quarter Outlook
Steady, Resilient Growth
Looking ahead, we think global growth will slowly improve with inflation remaining modest – continuing to favor spread sectors.
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