Weekly Bottom Line
Congress passed legislation to fund most of the government through September, with a 2-week continuing resolution used for the Department of Homeland Security. The ISM Purchasing Managers Index reports showed solid growth in manufacturing and services activity in January, suggesting the economy entered 2026 on a solid footing. January data releases for employment and inflation […]
Five Reasons the Run in Emerging Markets Could Continue
After a stellar 2025 in which emerging market (EM) equities returned 34%, 2026 is off to a good start with the MSCI EM Index up 7% year to date. Last year’s near doubling of the S&P 500 return was driven mostly by a weakening U.S. dollar, which propped up EM returns, but attractive valuations and […]