Investment Outlook

 

Economic Outlook Highlights

September 2018     |  Economic and Financial Outlook Highlights   (PDF/New Window)
September 2018    |  Economic and Financial Outlook Highlights  (PDF/New Window) September 2018 | Economic and Financial Outlook Highlights
Weakening housing and foreign trade are in the vanguard of a shift to more moderate 2.5%–3.5% growth, reinforced in the coming months by a wind-down of fiscal stimulus, rising oil costs, plus trade protectionism’s dampening effect on the growth of world trade and U.S. exports.
View an archive of Economic Outlook Highlights, brief summaries of the economic and financial market outlook along with issues affecting stocks and bonds.


Briefings and Commentaries

November 30, 2018 – Market Comment (PDF/New Window)
November 30, 2018 | Market Comment (PDF/New Window) November 30, 2018 | Market Comment
A Powell "put"? Stocks posted their best weekly rally in seven years on Federal Reserve Chair Powell’s seemingly dovish policy tilt, reinforced by optimism over prospects for a trade truce ahead of critical talks between Presidents Trump and Xi on Saturday. The S&P 500 Index closed Friday at a three-week high in a broad, deep rally across all 11 sectors and 118 of 125 constituent industry groups, taking some of the edge off red October’s 6.8% loss. The benchmark’s forward price/earnings multiple ended at a 2.5-year low of less than 16 times next year’s projected earnings despite lower interest rates elevating prices, providing an opening for further market gains despite next year’s more subdued earnings outlook. The S&P 500 Index paced a rebound from the previous week’s decline in a narrow group of risk assets against their safe-haven counterparts, largely reversing the previous week’s decline.
View an archive of briefings and commentaries that provide detailed analyses of the current economic climate and investment conditions.

Gary Schlossberg

Senior Economist

Gary SchlossbergAs senior economist, Gary Schlossberg is responsible for assessing the economic environment and providing input to the equity and fixed-income portfolio management teams at Wells Capital Management.

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