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Portfolio Compass | Week of April 20, 2015
COMPASS CHANGES Downgraded agricultural commodities to negative/neutral from neutral. INVESTMENT TAKEAWAYS We forecast high-single-digit S&P 500 returns in 2015, supported by earnings, though the strong U.S. dollar and energy drags make the lower end of our 5-10% earnings growth forecast more likely.* We continue to favor U.S. equities, but have become less negative on developed…
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Portfolio Compass | Week of December 15, 2014
Navigating the Markets Compass Changes Downgrading energy commodities to neutral from neutral/positive. Takeaways We continue to favor U.S. stocks based on our just released Outlook 2015: In Transit, where we forecast high-single-digit S&P 500 returns in 2015, supported by estimated 5-10% earnings growth and stable price-to-earnings (PE) ratio.* We favor U.S. stocks over their foreign…
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Portfolio Compass | Week of December 1, 2014
Navigating the Markets Compass Changes No changes. Takeaways We continue to favor U.S. stocks based on our just released Outlook 2015: In Transit, where we forecast high-single-digit S&P 500 returns in 2015, supported by estimated 5-10% earnings growth and stable price-to-earnings (PE) ratio.* We favor U.S. stocks over their foreign counterparts due primarily to lackluster…
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Portfolio Compass | Week of November 10, 2014
Navigating the Markets Compass Changes No changes. Investment Takeaways Although the S&P 500 has achieved our total return forecast for 2014 (10 – 15% gains), we continue to favor U.S. stocks through year end with support from continued steady earnings growth.* We favor U.S. stocks over their foreign counterparts due primarily to lackluster growth and…
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Portfolio Compass | Week of October 27, 2014
Navigating The Markets Compass Changes Upgraded U.S. stocks to neutral/positive from neutral. Downgraded hedged foreign bonds from negative/neutral to negative. Investment Takeaways Our 2014 stock market return forecast remains for gains of 10-15%, supported by continued near-double-digit earnings gains in the second half.* Our negative foreign equities view reflects lackluster growth and structural impediments in…
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Portfolio Compass | Week of October 13, 2014
Navigating The Markets Compass Changes Upgraded energy commodities view to neutral/positive from neutral/negative. Upgraded energy sector to neutral from negative/neutral. Investment Takeaways Our 2014 stock market return forecast remains for gains of 10 – 15% despite the recent increase in volatility, supported by continued near double- digit earnings gains in the second half.* Our recent…