Weekly Bottom Line
Global equity markets sold off this week, while energy prices pushed meaningfully higher following the United States and Israel’s strikes on Iran. Despite this week’s sharp move in oil prices, the impact to the U.S. economy remains relatively small, but that assumes the conflict is short-lived. The February employment report came in on the softer […]
Markets Tested as Iran Conflict Continues
The 2026 Outlook: The Policy Engine, listed several risks to stocks that could prevent the S&P 500 from achieving our forecast for high-single-digit returns in 2026 (to a fair value target range of 7,300–7,400). One was narrow stock market leadership. Well, as mega cap technology leadership faded in recent months, the cyclicals and defensives picked […]