Investment Outlook

 

Economic Outlook Highlights

September 2018     |  Economic and Financial Outlook Highlights   (PDF/New Window)
September 2018    |  Economic and Financial Outlook Highlights  (PDF/New Window) September 2018 | Economic and Financial Outlook Highlights
Weakening housing and foreign trade are in the vanguard of a shift to more moderate 2.5%–3.5% growth, reinforced in the coming months by a wind-down of fiscal stimulus, rising oil costs, plus trade protectionism’s dampening effect on the growth of world trade and U.S. exports.
View an archive of Economic Outlook Highlights, brief summaries of the economic and financial market outlook along with issues affecting stocks and bonds.


Briefings and Commentaries

December 7, 2018 – Market Comment (PDF/New Window)
December 7, 2018 | Market Comment (PDF/New Window) December 7, 2018 | Market Comment
Requiem for a bull market? A roller-coaster week for the stock market left the S&P 500 Index within a hair of its November 23 low. The worst December start in a decade risks upending what historically has been the market’s second-best month of the year, a reminder of the limits to seasonal strengths. Monday’s short-lived trade-truce rally gave way to a host of concerns over trade and Federal Reserve (Fed) policy and geopolitical concerns atop uncertainties over the outlook for economic growth, inflation, and interest rates. The broad, deep sell-off extended across 9 of the 11 S&P 500 sectors and 115 of the benchmark’s 126 constituent industry groups in volatile trading lifting the VIX fear gauge above its long-term average most of the week. Yield-sensitive utilities and real estate bucked the sell-off, supported by a bond rally sending the yield on competing 10-year notes to a late-August low of less than 2.85%. Bottom-dwelling financial services were hurt by those same declines, threatening banks’ net interest margins and profitability. Close behind were trade-sensitive industrials, materials producers, and technology, hurt by the worrisome aftermath of last week’s trade truce with China.
View an archive of briefings and commentaries that provide detailed analyses of the current economic climate and investment conditions.

Gary Schlossberg

Senior Economist

Gary SchlossbergAs senior economist, Gary Schlossberg is responsible for assessing the economic environment and providing input to the equity and fixed-income portfolio management teams at Wells Capital Management.

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