Featured Journal Entry

IS ALL THE GOOD NEWS PRICED IN?

Last week we discussed whether stock prices might be reflecting peak optimism. In that commentary we noted that while sentiment may be overly optimistic and a pickup in volatility would be totally normal, strong breadth measures suggest stocks still may have more upside. This week we tackle that same topic of peak optimism, but by...

Journal Entries

October 1, 2019 | By Boone Wealth | Filed under: Weekly Market Commentary

GLOBAL ECONOMY MUDDLES ALONG

The United States and emerging markets still stand out to us as relatively more attractive investment opportunities than developed international markets, based in large part on relatively stronger outlooks for economic growth and corporate profits....

September 24, 2019 | By Boone Wealth | Filed under: Weekly Market Commentary

CENTRAL BANKS ARE BACK

Since we began highlighting the return of fiscal leadership as a primary driver for economic and market activity nearly two years ago, we’ve seen the return to central bank dominance, particularly by the U.S. Federal Reserve. This has significant...

September 19, 2019 | By Boone Wealth | Filed under: Weekly Market Commentary

THE CURIOUS CASE OF NEGATIVE YIELDS

There’s a growing pile of negative-yielding debt around the world amid extraordinary monetary policy initiatives. While maintaining respect for global money flows, we believe the combination of economic fundamentals, domestic monetary policy, and a...

September 10, 2019 | By Boone Wealth | Filed under: Weekly Market Commentary

CORPORATE EARNINGS OUTLOOK

We recently lowered our 2019 S&P 500 Index earnings growth forecast. In our August 19 Weekly Market Commentary, “Tweaking Forecasts,” we lowered our 2019 expectations for growth domestic product (GDP), the 10-year Treasury yield, and S&P...

September 3, 2019 | By Boone Wealth | Filed under: Weekly Market Commentary

U.S. TREASURIES AND THE YIELD CURVE

We recently reduced our year-end forecast range for the 10-year U.S. Treasury yield from 2.5–2.75% to 1.75–2%. This significant reduction reflects what we consider the many somewhat curious aspects of the domestic and global macroeconomic...

August 27, 2019 | By Boone Wealth | Filed under: Weekly Market Commentary

LPL’S U.S. REAL GDP FORECAST CHANGE

We have lowered our projections for U.S. gross domestic product (GDP), the 10-year U.S. Treasury yield, and operating earnings for the S&P 500 Index in 2019, as we noted in the August 19 Weekly Market Commentary: Tweaking Forecasts, and...

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