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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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Spring Rain Delay
The Federal Reserve Open Market Committee left its target for overnight interest rates unchanged at a range of 5.25% – 5.50%, their fifth unchanged decision. Both markets and Fed officials have ruled out the necessity of further tightening barring any tail risk to inflation.
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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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Behavioral Finance and Investment Principles I
Part 1: Introduction, Prospect Theory, Loss Aversion, Recency Bias
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March Investment Perspectives
In this latest Investment Perspectives, we discuss the economic evolution of Mexico, the Fed’s many misconceptions, and whether there are new highs ahead for the S&P 500.
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Business Surveys Consistent With Growth While Cyclical Stocks Favored
Broad market indexes are all bullish across the market cap (size) spectrum, which is yet another risk-on signal as it indicates improving breadth.
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Resilient Economy and Positive Stock Market Indicators
The just revised fourth quarter GDP report and current estimates for the first quarter of 2024 suggest a still healthy economy, despite the restrictive Federal Reserve (Fed) interest rate policy.
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February Investment Perspectives
In this issue of Investment Perspectives, we look at the key drivers in the surge for copper demand, the 2024 trends in the fixed-income markets, and what will matter most for the stock market in the long term.
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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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January Investment Perspectives
In this month’s Investment Perspectives, the Investment Strategy Group discusses how the pursuit of a soft landing continues in the new year and anticipates volatile but trending bond markets. Plus, strong market performance in December points to potential positive results for 2024.