Articles by Michael Halloran
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Stubborn Inflation but Healthy Profits Supporting Stocks
The Personal Income and Outlays report showed personal consumption expenditures (PCE) rose a better-than-expected 0.8% m/m in March, indicating overall consumer spending remains robust.
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Healthy Economic Readings Should Support a Positive Earnings Season
Learn more about the latest market and economic news in our Investment Strategy Group’s weekly update.
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A Healthy Labor Market but Stubbornly High Inflation
The strong March labor market report is a positive sign for income and consumer spending and suggests that the economy remains on solid footing.
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An Encouraging Manufacturing Signal but Sticky Inflation
We pay close attention to monthly business surveys because they provide important and timely insight into the private sector economy.
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Investment Themes for the Next Decade
This piece reviews the major secular investment trends that will influence the economy and markets in the coming years.
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Stock Market Dynamics Remain Healthy
Learn more about the latest market and economic news in our Investment Strategy Group’s weekly update.
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Business Surveys and Housing Data Consistent with Healthy Economy
The stock market continues to make new highs, and we see important reasons to remain bullish on U.S. and global stocks.
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Easing but Still Healthy Labor Market Continues Supporting Economy
We remain constructive on stocks where major market indexes continue to make new highs. Most economic sectors are participating in the bull market while international stocks are showing positive developments. We continue to favor cyclicals, led by technology-related industries.
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Long-Term Capital Market Assumptions 2024
This report establishes our long-term return assumptions across major asset classes and includes representative model portfolios.
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Importance of Productivity
Productivity is critical for economic growth, corporate performance, and higher living standards. We see several key factors that could sustainably boost U.S. productivity in the coming years. We discuss these factors, their impact on major sectors of the economy, and the resulting investment implications in this piece.
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Investment Implications of a Potential Government Shutdown
We have the following thoughts on the potential government shutdown.
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Artificial Intelligence Investment Implications
ChatGPT is the fastest-growing technology application in history and is demonstrating the powerful potential of artificial intelligence (AI) to a very diverse audience.