July 13, 2020—Stock earnings season typically provides a hiatus from the macro news cycle and offers a more granular view into the health of businesses across the economy. As we head into reporting season for the second quarter, we think investors may need to brace for disappointment–not necessarily for the revenue and earnings figures themselves, but rather for the lack of guidance on the road ahead.A whole lot of uglyMake no mistake: the second quarter will be ugly.
June 19, 2020—It’s official. The longest economic expansion in U.S. history back to 1854 ended in February 2020, according to the National Bureau of Economic Research (NBER).[i] The coronavirus pandemic ended an expansion that chugged along for ten years and eight months, as business closures and social-distancing measures to contain the outbreak brought economic output to a screeching halt in the span of just two months.
Wall Street is social distancing from Main Street. April was the best month for stocks since 1987, but the 36.5 million new unemployment claims filed harken back to the Great Depression. What gives?In an informative webinar on May 22, Chief Investment Officer Tony Roth, Chief Economist Luke Tilley and Head of Investment Strategy Meghan Shue, broke it all down in terms of our house view of what you can expect for markets and the economy. Listen now.