At first glance, U.S. equities seem to be riding a bullish wave. The S&P 500 is up more than 20% in 2019, and the steady stream of IPOs for high-profile “unicorns” throughout the year suggested there was still appetite for growth-story stocks. In actuality, stocks are sitting under a pall of pessimism, with the market little higher than it was…
Our weekly State of the Market video and macro-market weekend Research Report are postponed due to holiday weekend. In...
OVERVIEW Following on our series that was produced this year called “The Book of Great,” which discussed 10 separate...
Macro Strategy—The U.S. trade-weighted dollar remains overvalued, much as we anticipated one year ago, and may well be able...
“Waiting helps you as an investor and a lot of people just can’t stand to wait. If you didn’t...
If the S&P 500 (SPX) chose to chide the permabears and even poke those in hibernation, it might do...
Cross-asset Strategy: The equity market sell-off is overdone in our view, and we reiterate our call to buy the...
This trading week was probably highly frustrating for a great many traders and investors alike. For anyone trying to...
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