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Weekly Economic Commentary | February 25, 2019
Investors are sifting through a deluge of backlogged data after a historic U.S. government shutdown. As data have caught up, many reports have missed consensus estimates, stoking fears that Wall Street may be overlooking a slowdown in the U.S. economy.
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Weekly Market Commentary | February 25, 2019
This week we reassess the stock market landscape following the latest rally. Specifically, we answer five of the most common questions we’ve received recently. We use multiple lenses to assess the stock market, including fundamentals, valuations, and technical analysis.
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When is Overbought Bullish?
What more can we say about the amazing rebound of the stock market since December 24? For the first time since 1997, the S&P 500 Index is up more than 10% for the year through this point in February. Of course, it was the worst December for stocks since the Great Depression—making a larger bounce…
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More Good News
As this week’s Weekly Market Commentary suggested, over the near term equities appear quite stretched, but all we continue to think the bull market has plenty of life left. Today, we’ll take a look at market breadth—one of our favorite technical indicators—to explore whether it may be pointing to better times ahead for equities.
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Trimming Our 2019 GDP Forecast
Economic data have consistently missed expectations recently as investors and Wall Street have struggled to quantify the impact of global trade and political risks.
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Changing Our 10-Year Yield Forecast
Economic growth could be lower than we initially expected this year, which could weigh on long-term rates.