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NO LANDING = NO SENSE

NO LANDING = NO SENSE

Suggesting an economy makes “no landing” makes no sense. Analogies eventually break down, especially this one. Economic activity does not stop like an airplane eventually does, but rather the economy will settle into a steady state where growth is consistent with...
WHAT’S CHANGED AND WHAT IT COULDMEAN

WHAT’S CHANGED AND WHAT IT COULD
MEAN

Markets have adjusted to several changes this year. The pace at which inflation has cooled is slowing. The market has started to believe the Federal Reserve’s (Fed) “higher for longer” message. The bar for earnings has been lowered. Market relationships to interest...
WADING THROUGH FINANCIAL STABILITY RISKS: AN ACTION PLAN

BRIGHTENING OUTLOOK FOR INTERNATIONAL EQUITIES

Investors got more excited about international investing late last year. Some of that was chasing better returns, as developed international equities solidly beat the U.S. over the last three months of 2022. Some was the increased popularity of value investing as...
NO LANDING = NO SENSE

Q4 EARNINGS PREVIEW: PESSIMISM MAY BE OVERDONE

Fourth quarter earnings season is underway and probably won’t bring much good news. Lackluster global growth, ongoing profit margin pressures from inflation, and negative currency impacts are likely to translate into a year-over-year decline in S&P 500 Index...
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