The significant recovery in equity markets during the first quarter of 2019 has certainly helped with putting the disastrous end of 2018 behind us. Based upon fundamentals, our Dow Jones Industrial Average (DJIA) targets of 26,000 for 2019 and 27,110 for 2020, remain...
To say that 2018 was a challenging year for capital markets would be putting it mildly. Despite healthy fundamentals, the extreme volatility experienced during the 4th quarter was enough to set new records, both bad and good. Volatility ranged from the worst Christmas...
It was an impressive 3rd quarter for U.S. Equities as the path to new highs continued into the 4th quarter. In tandem with the stock market run-up, yields on U.S. Treasuries also climbed to 7-year highs driven by another Fed rate increase and more positive news along...
Reflecting on the second quarter, we get a sense that we have been through it before, reminding us of the movie “Groundhog Day.” The Fed raised rates for the second time in June, and as of this writing, the DJIA is only slightly ahead of where it was at the time...
The new year started on a bullish note only to be interrupted by a January wage growth report that exceeded expectations. This was interpreted as the beginning of a long awaited upward trend in inflation, causing equity markets to come off recent highs whi le bonds...
