KEY TAKEAWAYS For a number of reasons, over the past several years it’s been difficult for active managers to outperform equity benchmarks. The tide has started to turn, with central banks pulling back, lower correlations between individual stocks, and an evolving...
KEY TAKEAWAYS The economy grew 4.1% in the second quarter, topping 4% for the first time since the third quarter of 2014 Consumer spending rebounded strongly and business spending was solid. Growth was strong despite a large contraction in inventories, which should...
The surprise summer rally continues, as the S&P 500 Index is on pace to gain for a fourth consecutive month. In fact, should July close in the green, over the past 21 months, the S&P 500 has closed higher all but three times. Here is the catch: The calendar is...
Macro View Daily Insights Earnings season rolls along. The current earnings season has been marked by very strong growth, limited upside, and resilient estimates. With 265 S&P 500 index companies having reported, earnings growth is tracking to a solid +22.6% year...
