Multi-Asset Perspectives

City at Sunset

Geopolitical Concerns Rise, Stocks Fall

Global and U.S. earnings revisions are turning up. We look for stabilization of the U.S. dollar, credit spreads and China’s economy as signals of sustainable future earnings growth.

Skyscraper in Orange Light

A Strong Month, a Persistent Cycle

We believe the equity market is in a late-cycle environment, which becomes harder to navigate as recession concerns start to rise.

Buildings reflecting sky

Bumper Month and Quarter for Equities Globally

Potential global economic stabilization and a slowing U.S. labor market should allow risk assets to benefit from loose monetary policies.

Geopolitical Concerns Rise, Stocks Fall

June 25, 2019

Global and U.S. earnings revisions are turning up. We look for stabilization of the U.S. dollar, credit spreads and China’s economy as signals of sustainable future earnings growth.

Read More

Holiday Cheer Wrapped with Trade War Fear

December 19, 2018

As we move into 2019, we expect economic and earnings growth to slow but not stall. We remain overweight U.S. large cap and emerging market equities, but think growth abroad is more likely to surprise to the upside.

Read More

Strong Economic Growth Outshines Trade Issues

August 8, 2018

Our optimistic outlook for stocks presumes a continuation of the global expansion. Supporting the U.S. fundamental picture are a flat Phillips curve, high corporate free cash flow and lack of private sector imbalances.

Read More