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Michael Halloran December 9, 2019
Despite concerns that trade talks could fall apart, our base case is that the trade truce will hold and the global economy will show improvement as we move into 2020.
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Michael Halloran December 2, 2019
Stocks reached new highs again last week and continue to benefit from easy monetary conditions provided by central banks that have significant leeway due to low inflation.
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Michael Halloran November 25, 2019
Stocks continue to trade near all-time highs and are supported by several factors.
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Michael Halloran November 18, 2019
The major stock market indexes reached new highs last week with globally exposed cyclical sectors continuing to outperform domestically oriented defensive sectors. We are encouraged by this signal that suggests stocks are anticipating improving global economic conditions.
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Michael Halloran November 12, 2019
Stocks are making new all-time highs due to earnings coming in better-than-expected, lower economic policy uncertainty on reduced trade tensions, strong labor market data, and improving global manufacturing indicators.
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Michael Halloran November 5, 2019
Stocks reached all-time highs last week, driven higher by better-than-expected earnings news and positive economic data.
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Michael Halloran October 31, 2019
The S&P 500 stock index is at an all-time high and is being supported by reduced geopolitical tensions and good earnings news.
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Michael Halloran October 21, 2019
Stocks are close to all-time highs and are being supported by positive earnings news and reduced geopolitical risks.
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Michael Halloran October 15, 2019
Stocks reacted favorably to the results from the latest Chinese trade talks.
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Michael Halloran October 8, 2019
The big news last week was the negative reaction to the monthly U.S. business surveys that showed weaker-than-expected service sector activity and further weakness in manufacturing.
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Michael Halloran October 2, 2019
The incoming economic data remains consistent with slower, but still positive, economic growth.
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Michael Halloran September 24, 2019
Despite the uncertainty caused by geopolitical tensions (primarily the trade war), the incoming economic data remains consistent with slower, but still positive, economic growth.
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Michael Halloran September 16, 2019
While it is too early to get a firm assessment on the impact of rising oil prices and Middle East tensions, we remain encouraged by the incoming economic data and the potential for reduced trade tensions.
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Michael Halloran September 9, 2019
Stocks were higher again last week on news that the U.S. and China will hold high-level trade discussions in October.
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Michael Halloran September 5, 2019
Stocks are reacting positively after President Trump sought to ease trade tensions with China and struck a more conciliatory note on the final day of the Group of Seven summit (G7)—stating that meaningful negotiations with China were ongoing.
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Michael Halloran September 5, 2019
Stocks had their best week since June as trade tensions with China showed some signs of easing.
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Michael Halloran August 21, 2019
Stock market volatility continued last week, with the latest worries centered on falling bond yields and further yield curve inversion—the 30-year Treasury yield dropped below 2%, while 10-year Treasury yields briefly fell below 2-year yields.
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Michael Halloran August 5, 2019
Stocks are reacting negatively after President Trump’s announcement of a 10% tariff on $300 billion in Chinese imports, which extends the 18-month trade war (25% tariffs were already in place for $250 billion worth of imports) and now puts tariffs on essentially all $550 billion worth of goods coming from China, with this round concentrated in consumer goods.
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Michael Halloran July 29, 2019
Stocks made new highs again last week, with earnings that are coming in better than expected. A healthy consumer continues to support U.S. economic growth. Meanwhile, global manufacturing conditions remain weak and we continue to anticipate China’s economic stimulus will lead to better global conditions.
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Michael Halloran July 22, 2019
Stocks touched all-time highs Monday and we remain optimistic that the global economic slowdown is troughing while the U.S. economy remains on an expansionary path.