Market sentiment has improved noticeably since the beginning of the year.
Following a strong post-Brexit rally, equity prices have stabilized in recent weeks.
The Federal Reserve continues to prepare markets for a rate hike later this year.
The July jobs report was stronger than expected, but overall U.S. and global economic growth remain modest.
Equity prices have taken a breather following a strong post-Brexit rally.
Equity prices continue to appreciate as investor confidence is slowly improving.
The S&P 500 Index advanced 1.5% last week, marking the third straight week in which U.S. stocks advanced more than 1%.
Corporate earnings are the key for equities, and we expect modest improvements over the second half of 2016.
Last week’s Brexit vote is likely to cause additional near-term volatility, but shouldn’t derail the U.S. equity bull market.
The Brexit vote and the U.S. elections are causing an unusual amount of political uncertainty, but shouldn’t derail the markets.