Portfolio Compass | October 16, 2019

COMPASS CHANGES Downgraded energy commodities from neutral to negative/neutral INVESTMENT TAKEAWAYS We have maintained our S&P 500 Index year-end fair value target of 3,000 even as the index hovers near that level following recent progress on U.S.-China trade...

Market Insight Quarterly | Third Quarter 2019

Stocks Stall, Yields Fall Amid Economic Mixed Signals U.S. economy sends mixed signals. Gross domestic product (GDP) rose 2% in the second quarter. Consumer spending added 3 percentage points to overall growth, while trade and inventories were a 1.6 percentage point...

Market Insight Monthly | September 2019

ECONOMY: ECONOMIC DATA IMPROVES IN SEPTEMBER Economic data improved modestly in September as the U.S. economy stayed resilient against trade uncertainty. The Conference Board’s Leading Economic Index (LEI) was unchanged month over month in August after a strong July...