Latest Thoughts

Halloween Special: What Might Scare Markets

Many measures of investor sentiment indicate widespread uncertainty about the direction of markets. The age of the bull market, U.S. election, the possibility of a mistake by central banks, U.S. dollar strength, Brexit, and China's debt problems all seem to have the potential to scare...

Election Playbook

In our election playbook, we discuss some investments that could possibly receive an election boost. Some areas that may fare better under Clinton include: alternative energy, emerging markets, and healthcare services. Some areas that could potentially get a boost from a Trump presidency include: biotech/pharmaceuticals,...

Third Quarter 2016 Earnings Preview: Growth Returns?

We believe the earnings recession may have ended in the third quarter. We expect potential upside to third quarter estimates due to supportive economic data, stable oil prices, and U.S. dollar stability. We will be watching closely to gauge the confidence of management teams in...

Welcome to the Fourth Quarter

Historically, the best quarter of the year is upon us. Although October has been strong recently, we expect the volatility that began in late September to continue. ...

Five Forecasters: Few Warning Signs

Our Five Forecasters are collectively sending mostly mid-cycle signals. The Leading Economic Index, yield curve, and market breadth are all signaling the continuation of the economic expansion and bull market. Stock market valuations and the ISM Manufacturing Index are flashing some warning signs that...