Why Interest Rates Could Remain High Heading Into 2024
The current economic environment is drawing comparisons to the 1970s. In the early 1970s, oil prices surged following OPEC’s oil embargo, and U.S. fiscal
Comparing the Cost of Renting vs Buying in Today’s Market
This month’s chart, which tracks year-over-year growth of monthly rent and mortgage payments since the early 1980s, compares the cost of renting vs buying a
Read More
Stocks Diverge, Yields Rise, & Artificial Intelligence Theme Gains Traction
The S&P 500 Index gained +0.5% in May, outperforming the Russell 2000 Index’s -0.8% return. There was significantsector return dispersion with Technology, the
Consumers Remain Resilient as the U.S. Economy Slows in Q1
The U.S. economy grew at a +1.1% annual rate in the first quarter of 2023, marking a decline from the +2.6% growth rate in the fourth quarter of 2022. It was
Q1 2023 Earnings Season Recap & Management Commentary
More than 90% of S&P 500 companies have reported Q1 2023 earnings, with results exceeding expectations. Figure 1 shows 78% of S&P 500 companies reported Q1