November 7, 2018—Tuesday’s election delivered the result largely expected by us and the markets: a split Congress, with the Democrats wresting control of the House but Republicans retaining the majority in the Senate. Voter engagement was extremely high, with a record turnout for a midterm election.
October 25, 2018 — Equity markets continue to exhibit significant selling pressure. Unlike the prior corrections in early 2016 and early 2018, the origin of this month’s rout in the stock markets is difficult to pin on any one factor. Instead, it seems to be due to a combination of a slight deterioration in the global growth outlook, concerns about peak earnings growth, and continued trade tensions.
October 11, 2018— Hurricane Michael is not the only thing leaving a wake of destruction in its path. The stock market has also experienced a swift correction that has spared few stocks, sectors, or regions—with weakness extending into European and Asian markets. The S&P 500 had its worst day since March, and the Dow Jones Industrial Average (DJIA) fell over 800 points on Wednesday.