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Memorial Day Office Closure - May 24, 2019

Please be advised that our office will be closed on Monday, May 27th, in observance of Memorial Day. We will resume our regular hours of operation on Tuesday the 28th.

We wish all of our clients a happy and safe Memorial Day weekend!

An Earnings Wins, Relatively Speaking - May 22, 2019

Q1 earnings for S&P 5001 companies are projected to rise 1.4% versus a year ago (with 93% reported as of May 21 – Refinitiv).

  • 75% of companies topped analyst forecasts.
  • On average, they beat by a wide margin.

A relative win? Yes. As the season got underway, profits were forecast to fall 2.5%.

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Who Wins a Trade War - May 15, 2019

The simplest answer – no one, as each side retaliates.

  • U.S. exporters suffer.
  • Higher tariffs equal higher prices.
  • U.S. and global growth face stiffer headwinds.
  • Disruption of supply chains can occur.
  • Greater stock market volatility is a risk.

A better question – who comes away with fewer bruises?

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