The Market’s Take on the Latest Government Shutdown
The markets are not overly concerned about the government shutdown
Tariffs, Earnings, and the Markets
Key Data Points to Watch in May Rest of Q1 2025 corporate earnings. The remaining 25% of S&P 500 companies that have not yet reported March quarter earnings will be reporting over the coming weeks. Earnings growth so far has been ahead of expectations, at 12% vs 7%. As clarity on tariffs and other administration […]
Immigration, DOGE, and the Impact on the Economy
We remain optimistic about the economic (and therefore market) outlook for 2025, although we are closely watching a variety of indicators for signs of weakness. Some indicators, like credit spreads, CEO confidence, small business optimism, equity market breadth, and the labor market remain quite strong. Others, including uncertainty around administration policies like tariffs and immigration […]
Economic Indicators Are High. Investment Valuations Are Higher.
By Ellen Hazen, CFA®, Chief Market Strategist What We Are Watching in January and in 2025: As we look to 2025, we see a continuation of many of the trends we observed in 2024. Economic indicators have generally remained strong, and we expect this to continue in 2025. Corporate profits are on track for another […]
Is Gold the New Gold?
By Ellen Hazen, CFA®, Chief Market Strategist October Takeaways: Economic surprises in October were uniformly positive. Starting with the shockingly strong September payrolls number (254,000 vs. expectations of 150,000), data consistently indicate a strong economy. The unemployment rate decreased from 4.2% to 4.1%. Monthly retail sales growth was expected to be 0.1% month-over-month and was […]