Key changes from March report Reduced S&P 500 yearend fair value target to 4,800 – 4,900. Slightly reduced equities overweight and fixed income underweight Increased yearend U.S. 10-year Treasury yield forecast to 2.25% – 2.5%. Upgrading healthcare view to...
Dear Valued Investor, “Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria.” – Sir John Templeton According to the guidance of revered investor Sir John Templeton, it appears to us that this market may have a bit more...
As the Final Four NCAA Basketball Tournament rolls on in New Orleans, we continue our tradition of picking a stock market final four. We have identified our four key factors for the stock market outlook: 1) Consumer spending, 2) Earnings, 3) Interest rates, and 4)...
Inflation is a political lightning rod. As a result, there is a good deal of misconception around it. The Consumer Price Index (CPI) is up 7.9% from a year ago and will likely peak in the 8.5 – 9.0% range sometime in the next couple of months, the highest since...
As the stock market recovered from the 2020 pandemic lows, valuations reached levels not seen since the dotcom bubble more than 20 years ago. The reopening economy and massive fiscal stimulus helped fuel one of the strongest starts to a bull market ever (a bull market...
