Market Summary

The U.S. As earnings season progresses, most companies are beating estimates, and sequentially, earnings are coming in on average slightly up.  So far, earnings support our view that the U.S. economy is bottoming and preparing to exit the third slowdown of the post-2009 expansion.  We note that the U.S. seems Read more…

Market Summary

The U.S. The U.S. market got a modest boost from the announcement of a trade truce with China, in which China agreed to boost some U.S. agricultural imports, and the U.S. suspended a tariff hike on $250 billion worth of Chinese imports.  According to the announcement, the initial deal will Read more…

Market Summary

Market Summary           The U.S. As expected, the U.S. Federal Reserve cut the benchmark fed funds rate by 0.25% on Wednesday, as expected, and also ended the runoff of its portfolio of bonds a month early.  Fed Chair Powell said, “The outlook for the U.S. economy remains favorable and this Read more…

Market Summary

          The U.S. Earnings season in the U.S. is in full swing.  While earnings growth has stalled after the tax-break driven pace of growth that was enjoyed in 2018, it remains broadly within the trend of growth that has followed the 2008/2009 financial crisis. Source:  Bloomberg, LLP Of course, there Read more…