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Market Update: Daily Insights Mon, Dec. 10, 2018

Retesting October-November Lows The S&P 500 Index fell 4.6% last week, its worst week since March, leaving the index in line with the lows of the latest correction. Losses were driven primarily by three issues: the risk that U.S.-China trade talks fall apart (see below), concerns about a Fed policy mistake and sharply lower oil […]

by Garrett Kunz
Dec 10, 2018
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Earnings Deliver Again

We expected another strong earnings season, and corporate America delivered with S&P 500 Index year-over-year earnings increasing 28% in the third quarter. A pickup in economic growth, strong manufacturing activity, and tax cuts were key drivers, but even without the tax reform boost, earnings growth exceeded 20%. “Both revenue and earnings soundly beat expectations this […]

by Garrett Kunz
Nov 28, 2018
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Midterm Election Perspective

The consensus was right. Although some votes are still rolling in, the Republicans have held onto their Senate majority (and they are tracking to add at least a couple seats to their majority), while the Democrats are poised to retake control of the House of Representatives with what looks like a 34-seat swing. you could […]

by Garrett Kunz
Nov 07, 2018