We favor large caps as the business cycle ages, though recent small cap strength suggests large cap leadership may have been stretched…Read More
We have maintained our S&P 500 Index year-end fair value target of 3,000 despite our lowered economic and earnings growth forecasts amid trade uncertainty…Read More
Stock valuations remain favorable in our view even with the S&P 500 Index near our year-end fair value target of 3,000…Read More
We maintain our year-end 2019 fair value target for the S&P 500 Index of 3,000. Despite a slight reduction in our 2019 S&P 500 earnings forecast and heightened trade tensions…Read More
We expect a transition to large cap market leadership and away from small cap stocks in 2019
as the economic cycle ages.
We maintain our slight preference for value due to attractive relative valuations after a sustained period of growth out performance.Read More