Earnings growth was largely absent in 2019, but we expect it to pick up in 2020.
U.S. stocks rose again this week to fresh record highs, powering the S & P 500 Index to its 13th weekly gain out of the last 15 weeks.
With stocks at our year-end fair value target, the magnitude of a potential stock market advance in 2020 may be limited.
Third-quarter data showed the U.S. economy grew at an average pace for the economic expansion, with signs of weakening in manufacturing.
We discuss what the conflict with the Middle East might mean for stocks and assess ongoing risks.
The U.S. economy wrapped up 2019 with a batch of generally promising data as U.S-China trade tensions died down.
U.S. stocks weathered the Mideast conflict with the S & P 500 Index posting its 12th weekly gain out of the last 14 weeks.
2019 delivered a strong market performance, but we think additional market gains may be possible in 2020.
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