Key changes from May report: § Upgraded view of energy to positive from neutral Downgraded view of communications services from neutral to negative Stocks staged a furious late-month rally to break even in May, but the S&P 500 Index ended the month down more than...
The bull market that began in March of 2020 came dangerously close to an end. From March 23, 2020 through January 3, 2022, the S&P 500 Index gained 114% (excluding dividends). From that January 3 closing high through the recent low on May 19, the S&P 500...
At the risk of sounding cliché, making the case for stocks to stage a second half rally back to the prior highs requires investors to see through some heavy cloud cover. If you prefer another market cliché, it’s times like these when investors need a crystal ball. We...
