The Latest Market Commentary From Our Strategists

Main content

Daily Blog

Friday, October 19, 2018
Corporate earnings growth is the barometer for the health of the global economy.

Stock investors have had a rough ride lately. The top three culprits are the trade tariffs and their potential to erode profit margins, the Federal Reserve’s agenda for raising interest rates and slowing economic growth in China. A flare-up of yields in Italy and ugliness from Saudi Arabia aren’t helping. The auto sector especially has been in the crosshairs because of trade policy. What is not struggling is earnings growth; far from struggling on the stupid, smelly bus, they are riding a luxury cruise liner. So far, 80% of companies reporting third-quarter earnings have beaten estimates, reporting growth of more than 25%. What’s more, estimates for growth in the fourth quarter and in 2019 are looking optimistic. With earnings so good, it’s hard to understand why investors prefer the hot stuffy bus; in fact, the strong open this morning could actually lead to an up week.

Please watch earnings growth on page 6 of the Global Perspectives book and don't forget to register for the GP Quarterly Market Outlook Webinar!

Weekly Commentary & Statistics

Monday, October 22, 2018

Volatility continues to roil markets, but stocks ultimately end flat for the week.

Monthly Commentary & Outlook

October 2018

This autumn marks 10 years since the Great Recession, the worst economic crisis of our time, which arguably came very near to a global depression.

  • Ten years after the Great Recession, the economy and markets are thriving thanks to pro-business policies
  • Expanding investment and productivity suggest that tax cut incentives have staying power
  • Nonetheless, many people remain too risk-averse to take advantage of favorable conditions
  • Investors should stay well diversified and embrace the ongoing bull market

Footer content