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All smoke, no fire: What’s behind recent equity market valuations?

Few explanations for the upward march of equity valuations are based on resoundingly positive or long-term economic changes. We take a closer look at how these high valuations could be closely tied to the multi-year surge in liquidity.

S&P 500 Index experienced zero moves of 1% or more in 2017

As 2017 came to a close, the S&P 500 Index continued its progress on what has been an unprecedented run.

Inflation expectations have edged up recently

Inflation expectations and Treasury yields inch higher

DJIA has soared, but challenges remain

The DJIA just completed its fastest 1,000 point gain ever

Global indexes struggled in the last two bear markets

Total returns in recent bear markets

At its first meeting of 2018, the Fed stays the course

This Fed rate hike cycle remains on a slow and shallow trajectory

Energy market commentary: January 2018

The fundamental conditions for the Energy sector have generally strengthened over the past year and this may have positive implications for investors in the sector.

Fed comments point to a slow rate-hike trajectory despite strong headline wage growth

Average hourly earnings rose the most for managers in January

Strong economic growth but rising risks in 2018

Sustained above-trend growth raises the risk of meaningfully higher volatility, something which has already caught investors by surprise in 2018. What factors are causing positive momentum and are they set to continue?
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