How Healthy Is the US Consumer?

How Healthy Is the US Consumer?

By Ellen Hazen, CFA®, Chief Market Strategist July 29, 2022   July Takeaways: The economy slowed, most recently confirmed by a second consecutive quarter of negative GDP growth Corporate earnings reflected both economic slowing and margin compression, with S&P500...
Watch Out for Estimate Reductions

Watch Out for Estimate Reductions

By Ellen Hazen, CFA, Chief Market Strategist June Takeaways: The US economy softened at the margins, but many indicators remain fairly strong Companies finished reporting Q1 2022 earnings. A few indicators suggest that the consumer is slowing down, including both...
Growth Overtakes Inflation as Top Investing Focus

Growth Overtakes Inflation as Top Investing Focus

By Ellen Hazen, CFA, Chief Market Strategist May Takeaways: S&P500 companies finished reporting Q1 2022 earnings, which averaged +3.2% year over year (Y/Y), excluding Energy on revenue growth of 9.8%. Estimates for Q2 through Q4 declined, which may lead to further...
Navigating the Crosscurrents

Navigating the Crosscurrents

By Ellen Hazen, CFA, Chief Market Strategist April Takeaways First quarter earnings reports highlighted continued slowdown across many sectors Investors have pivoted from pure inflation concerns to growth concerns Continued crosscurrents will lead to continued...
Keeping Second Homes in the Family

Keeping Second Homes in the Family

There are over 7.5 million second homes in the USA owned by 5.5% of the population.  These are the special places where your family returns year after year, where you think about childhood memories and adventures playing out over generations. It might be a cabin on...
US Economic Growth Is Slowing.  That’s OK.

US Economic Growth Is Slowing. That’s OK.

By Ellen Hazen, CFA, Chief Market Strategist At any point in time, there are multiple competing narratives that attempt to explain what is happening in various markets. For the last two years, the COVID-19 pandemic – and actions taken to respond to it – have been the...