Call Us! (336) 544-6800 – Because It's Your Money, And Your Money Matters

Weekly Market Commentary

Weekly Market Commentary – Bottom Line: Impressive Earnings Season

Weekly Market Commentary – Bottom Line: Impressive Earnings Season

  Corporate America has delivered double-digit earnings growth for the second consecutive quarter with solid upside to forecasts. The breadth of earnings gains and magnitude of upside to revenue forecasts have been impressive, with generally upbeat management outlooks. Strong earnings continue to provide support for the stock market even at elevated valuations. BOTTOM LINE: IMPRESSIVE […]

Continue Reading »

Weekly Market Commentary – Buy The Dip? What Dip?

Weekly Market Commentary – Buy The Dip? What Dip?

  Beyond the double-digit gains and series of record highs, the absence of pullbacks is perhaps the biggest story for the S&P 500 in 2017. What may cause pullbacks is extremely difficult to predict, but we are mindful of the risks across central bank policy, policymaking in Washington D.C., and geopolitics. Historical technical analysis tells […]

Continue Reading »

Weekly Market Commentary – Is Policy Skepticism Creating A Small Cap Opportunity?

Weekly Market Commentary – Is Policy Skepticism Creating A Small Cap Opportunity?

We believe small caps are becoming an increasingly attractive tactical opportunity amid policy skepticism in Washington, D.C. Loss of confidence in policymakers’ ability to achieve tax reform has created an opportunity in small caps, in our view, should a tax deal be reached in Washington, D.C. The potential for the U.S. dollar to reverse recent […]

Continue Reading »

Weekly Market Commentary – Tax Reform Pivot?

Weekly Market Commentary – Tax Reform Pivot?

  Republicans’ latest unsuccessful attempt to reform healthcare means that we are closer to the pivot toward tax reform. Despite several challenges, we continue to expect a tax deal to get done in early 2018 that may provide a nice boost to corporate profits and would help to support stock valuations. The likelihood of the […]

Continue Reading »

Weekly Market Commentary – Global Summer Earnings: Sizzle or Fizzle?

Weekly Market Commentary – Global Summer Earnings: Sizzle or Fizzle?

  Overseas markets generally had strong earnings last quarter, with energy companies providing the biggest boost. Future expectations are high once again for energy companies, but also for consumer and financial companies. Structural changes may be happening in France that could positively impact the environment for corporate profitability.      GLOBAL SUMMER EARNINGS: SIZZLE OR […]

Continue Reading »

Weekly Market Commentary – Second Quarter 2017 Earnings Preview: Q1, A Tough Act To Follow

Weekly Market Commentary – Second Quarter 2017 Earnings Preview: Q1, A Tough Act To Follow

Another quarter with double-digit, year-over-year earnings growth for the S&P 500 appears likely for the second period, but it won’t match the pace of the first quarter. Annual comparisons are getting tougher with the one-year anniversary of the 2015–2016 earnings recession trough having past. We have several reasons to be optimistic, as was the case […]

Continue Reading »

Weekly Market Commentary – A Technical Check-In: The Global Bull Looks Strong.

Weekly Market Commentary – A Technical Check-In: The Global Bull Looks Strong.

  Longer-term technical indicators on equities continue to look strong. Global equity strength is yet another clue that the current bull market is still alive and well. A TECHNICAL CHECK-IN: THE GLOBAL BULL LOOKS STRONG The global equity bull market is alive and well, with very broad participation. Longer-term technicals continue to look very healthy […]

Continue Reading »

Weekly Market Commentary – Midyear Outlook 2017: Business Fundamentals Back At The Controls

Weekly Market Commentary – Midyear Outlook 2017: Business Fundamentals Back At The Controls

  We forecast 6–9% returns for the S&P 500 in 2017, commensurate with expected earnings gains. As investors increasingly trust that the economy can stand on its own without the need of monetary policy support, business fundamentals should take over as the primary market engine. The economic expansion is poised to continue, and powered by […]

Continue Reading »

Weekly Market Commentary – Hurdling Overseas Earnings: What Do The Forecasts Tell Us?

Weekly Market Commentary – Hurdling Overseas Earnings: What Do The Forecasts Tell Us?

  Global equity markets were buoyed by earnings outpacing already strong expectations in the first quarter of 2017. Expectations generally remain optimistic for the rest of the year, with earnings forecasts either increasing or only modestly decreasing recently. Based on changes to earnings forecasts, analysts seem confident in the global economy and see potential strength […]

Continue Reading »

Weekly Market Commentary – Master Limited Partnership: More Going On Than Oil Price

Weekly Market Commentary – Master Limited Partnership: More Going On Than Oil Price

MLPs can provide investors with exposure to a niche, yet vital, aspect of the energy production chain. MLPs are sensitive to a number of factors, including the prices of oil and natural gas, interest rates, and the overall performance of the stock market. Yet at times, the performance of MLPs does not seem very connected […]

Continue Reading »

Top