Global Portfolio Strategy

We favor stocks over bonds based on expectations for a strong economic and earnings recovery in 2021.

Stocks fell for the second straight month in October as Election Day approached and brought policy uncertainty that historically has driven volatility.

Stocks continued their positive momentum with strong gains in August before volatility returned in early September.

Stocks continued to rally in July despite elevated COVID-19 cases in many US states and globally.

Market pundits may have to revisit the popular “Sell in May” adage as stocks rose for the seventh May in the past eight years…

As May began, investors continued to try to reconcile the strong rebound in stocks with the devastating economic damage from COVID-19.

We continue to follow our Road to Recovery Playbook to determine where we are in the stock market’s bottoming process…

The COVID-19 outbreak roiled markets over the past two weeks, putting the S&P 500 into correction territory and near a 20% bear market decline.

U.S. manufacturing data improved from weak levels, defense drove durable goods order growth, and underlying data on the U.S. consumer and job growth was solid…