Portfolio Compass | June 13, 2018
Downgraded precious metals view to negative/neutral from neutral.
Source: WEEKLY COMMENTARY
Downgraded precious metals view to negative/neutral from neutral.
Source: WEEKLY COMMENTARY
Investment-grade (IG) corporate bonds have been the worst-performing high-quality bond segment year to date.
Source: WEEKLY COMMENTARY
The Fed is widely expected to raise rates for the second time this year at the conclusion of its policy meeting on Wednesday.
Source: WEEKLY COMMENTARY
After the longest run of outperformance of growth stocks ever, we think value may be poised for a comeback.
Source: WEEKLY COMMENTARY
“Economic reports released in May 2018, largely reflecting economic activity in April, showed continued solid economic growth in the U.S.”
Source: WEEKLY COMMENTARY
Overall, we think the global economic backdrop, particularly in the U.S., remains intact. Although the situation in Italy is an ongoing risk worth monitoring, we don’t believe it indicates a change in the trajectory of the global economy.
Source: WEEKLY COMMENTARY
Market reaction to Italy’s political woes was swift and pronounced, but ultimately overdone.
Source: WEEKLY COMMENTARY
When we compare Europe’s economic and corporate fundamentals with those in the U.S., even factoring in valuations, we think Europe comes up short.
Source: WEEKLY COMMENTARY
The May jobs data were generally positive, and job growth may be accelerating after slowing since 2015.
Source: WEEKLY COMMENTARY
Municipal bonds have outperformed broad high-quality fixed income since early 2017.
Source: WEEKLY COMMENTARY