The economy grew 4.1% in the second quarter, topping 4% for the first time since the third quarter of 2014.
Month: July 2018
Active management may be poised for a comeback.
In testimony to Congress, Fed Chair Powell largely stuck to the script, saying little to alter the Fed’s perceived course.
The economy may have posted unusually strong growth of near 4% or more in the second quarter.
Consensus estimates are calling for a 21% year-over-year increase in S&P 500 earnings for the second quarter.
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Portfolio Compass | July 19, 2018
Downgraded large/small foreign equities to negative/neutral from neutral. Downgraded industrial metals to neutral from neutral/positive. Downgraded agriculture to negative/neutral from neutral.
Rates may be poised to rise further in the second half of 2018, though likely at a slower pace than the first half of the year.
The global growth story remains steady in 2018, with growth forecast at 3.8%.
The current environment looks favorable for strong earnings and stock gains.
The Executive Summary highlights key themes and LPL Research economic and market forecasts from Midyear Outlook 2018: The Plot Thickens
