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Where Will Housing Go From Here? | Weekly Market Commentary | August 22, 2022

James Hendries

At this rate, home sales will likely continue to slow and residential investment could turn out to be a drag on Q3 economic growth. Given the lag between Federal Reserve (Fed) policy and the real economy, we have not likely seen the bottom in the housing market. Click here to download a PDF of this report. Conclusion.

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Global Portfolio Strategy | July 7, 2022

James Hendries

Increased equity exposure in tactical asset allocation from 62% to 65%. Market participants remained on edge due to high inflation and the risk that the Federal Reserve over-tightens monetary policy to combat it, potentially sending the economy into recession. Click here to download a PDF of this report. After an 8.4%

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Global Portfolio Strategy | August 3, 2022

James Hendries

We think the move lower in yields may be a bit premature as we expect the economy to stay out of a recession this year. The Strategic and Tactical Asset Allocation Committee (STAAC) made no changes to its recommended asset allocation for August. Click here to download a PDF of this report. We could see a retest of 3.5%

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Getting Jobs Market Back into Balance | Weekly Market Commentary | September 12, 2022

James Hendries

The key to getting the market back into balance is a bigger labor force, and the economy is starting to experience a larger labor force as individuals come off the sidelines and rejoin the job market. The global economy is complex, and a simplification of reality always introduces distortions, so perhaps we should zoom out a bit.

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What a Week | Weekly Market Commentary | August 1, 2022

James Hendries

Perhaps the market’s biggest fear has been that the Fed may overdo its tightening to fight inflation and send the economy into a painful recession, break something, or both. He acknowledged that the economy is slowing (which is what the Fed wants) and that the full effect of the rate hikes had not yet been felt. Of course, the U.S.

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Three Things to Know About Recessions | Weekly Market Commentary | October 24, 2022

James Hendries

economy enters a recession, the causes and potential outcome will be hotly debated. Diffusion describes an economy that has experienced a contraction in a wide range of sectors, such as trade, business activity, and consumer spending. Click here to download a PDF of this report. If the U.S. Technical Definition.

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Global Portfolio Strategy | October 5, 2022

James Hendries

economy following disappointing August inflation data was the top cause of the market’s struggles. The Strategic and Tactical Asset Allocation Committee (STAAC) upgraded its view of duration to neutral. Click here to download a PDF of this report. Value Target to 4,000-4,100 from 4,300-4,400. IMPORTANT DISCLOSURES.