Portfolio Compass | January 15, 2019
Our S&P 500 Index year-end 2020 fair value target range of 3,250–3,300 is based on a price to-earnings (P/E) ratio of 18.75…
Read MorePortfolio Compass
Portfolio Compass | December 19, 2019
Fundamentals and yields appear good in real estate, but interest-rate sensitivity and our preference for cyclical sectors lead to our neutral view…
Read More
Portfolio Compass | November 20, 2019
Relative valuations and the latest move higher in interest rates favor value stocks, but recent Federal Reserve (Fed) rate cuts and slowing economic growth favor growth…
Read More
Portfolio Compass | October 16, 2019
We have maintained our S&P 500 Index year-end fair value target of 3,000 even as the index hovers near that level following recent progress on U.S.-China trade discussions…
Read More
Portfolio Compass | September 19, 2019
We favor large caps as the business cycle ages, though recent small cap strength suggests large cap leadership may have been stretched…
Read More
Portfolio Compass | August 21, 2019
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