Archive | Market Outlook RSS feed for this section

« Return to blog home

Analysis

Economic and market outlook: Lackluster start to 2016…what’s next?

While we do not see a U.S. recession on the horizon, recent economic data have been lackluster. Expectations for first quarter earnings remain low, but are mostly “baked into” share prices. We’re forecasting only 1 to 2 percent earnings growth for remainder of the year. Dollar strength is yesterday’s market story. Year-over-year profit comparisons get… Continue reading →

Leave a comment Continue Reading →
Green symbol percent

The good, bad and ugly of negative interest rates

The New York Times recently published a great explainer piece on negative interest rates in Europe and Asia, “In the Bizarro World of Negative Interest Rates, Saving Will Cost You.” Essentially, rates have gone negative in certain countries in order to stimulate struggling economies. However, in our view these negative interest rates will likely have… Continue reading →

Leave a comment Continue Reading →
Fort Pitt Capital Diamond

The New Year’s flop: What’s up with stocks?

The New Year has begun badly for stock market investors just about everywhere. In the U.S., the S&P 500 has fallen about 5% in the first 4 trading days of 2016. In China, the Shanghai Composite Index is down more than 11% from year end, after several days of stop-and-start trading. European and Emerging Market… Continue reading →

Leave a comment Continue Reading →
Green symbol percent

What does a Fed rate increase mean?

  The Federal Reserve raises or lowers the Fed funds rate in order to either increase or slow down the rate of growth in the U.S. economy. The Fed funds rate is the rate member banks charge each other for the use of excess reserves. This rate trickles down to what banks then charge for… Continue reading →

Leave a comment Continue Reading →
Where will the market go next?

Closing out 2015…and a glance at 2016

As 2015 draws to a close, we wanted to remind investors of a key December event and preview our 2016 outlook. Here are a few things to keep an eye on: The Fed Investors should be aware of the 2-day Federal Open Market Committee (FOMC) meeting, beginning on Tuesday, December 15, with a policy announcement… Continue reading →

Leave a comment Continue Reading →