The Fed on Reserve
The Federal Reserve (Fed) has doubled down on its patient stance. Policymakers signaled a complete pause in policy at the conclusion of the Fed’s March meeting, with a nod to a slowing pace of growth and global uncertainty.READ MORE
Time For New Highs?
After dropping nearly 20% late last year, the S&P 500 Index has officially bounced up more than 20% from the December 24 lows. As we noted at the time, most bear markets that take place in a non-recessionary environment tend to bottom near a 20% correction. Fortunately, that played out nicely, and now the S&P 500 is less than 4% away from new highs. This raises two new questions: Can it make a new high, and when can we expect it?READ MORE
Weekly Economic Commentary | March 18, 2019
A disappointing February jobs report, released March 8, has increased concerns about a slowing U.S. economy among some market participants.READ MORE
Weekly Market Commentary | March 18, 2019
Large caps may be better positioned than small caps, given where we are in the business cycle. Small cap stocks have performed well so far in 2019, with the Russell 2000 Index, the most popular small cap benchmark, up 15.2% year to date compared with the 12.6% gain in the large cap S&P 500 Index.READ MORE
Time For a Small Break?
Small cap stocks staged a furious rally to kick off 2019, with the Russell 2000 Index up nearly 18% year to date at the early March peak. Of course, you may remember that small caps were down much more than large caps at the end of 2018, as the Russell 2000 lost 20.5% in the fourth quarter of the worst quarterly decline since the U.S. debt downgrade in the third quarter of 2011.READ MORE