October 20, 2014 - Headlines Summary: Stocks finished another volatile week to the downside on concerns over the potential spread of Ebola and fear of slowing global economic growth. While we are concerned about the weak global economic data, U.S. fundamentals remain solid and below we list reasons for improving global growth. Bear markets have historically coincided with recessions (not our baseline case) while most technical indicators suggest the selloff is advanced. A strengthening labor market, low interest rates and energy prices should also boost growth. We would stick with a balanced portfolio of Technology, Health Care, Financials and Utilities while avoiding the globally exposed Industrials and Materials. Click here for the full Weekly Bulletin.
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