Shaw Financial

20 Jul GAUGING GLOBAL GROWTH

Since 2012, real global gross domestic product (GDP) growth has been between 3.1 and 3.5% annually, according to International Monetary Fund (IMF) estimates, with 2016 seeing the slowest growth of the period. At the start of the year, broad expectations were that continued support from...

11 Jul SECOND QUARTER 2017 EARNINGS PREVIEW

Earnings season is underway this week (July 10–14) and may be another good one, with double-digit S&P 500 Index earnings growth possible. But getting to double digits will be tougher than it was in the first quarter when S&P 500 earnings increased more than 15% year over year. First...

11 Jul MANUFACTURING MATTERS

U.S. manufacturing still matters when evaluating the U.S. and global economy. While manufacturing as a percent of the U.S. economy has declined steadily since the end of World War II, its impact is greater than its size. Manufacturing tends to be more cyclical than service activity, and it remains...

06 Jul Midyear Outlook 2017

An important shift has taken place in this economic cycle. The Federal Reserve (Fed) was finally able to start following through on its projected rate hike path, raising rates twice in just over a three-month period. By doing so, the Fed showed increasing trust that the economy has largely...

26 Jun JULY PREVIEW

As June ends and summer sets in, markets continue to track near all-time highs and volatility remains low. As we turn the page to July, there will be plenty of significant events for markets to watch such as the June employment report, the start of earnings season, and...

21 Jun MIDYEAR OUTLOOK 2017

We forecast 6–9% returns for the S&P 500 Index in 2017. As investors increasingly trust that the economy can stand on its own without the need of monetary policy support, business fundamentals should take over as the primary market engine and corporate profits will take on increasing importance. We...

13 Jun Hurdling Overseas Earnings

Overseas earnings were even better than expected during the first quarter (Q1) of 2017. Global equity analysts were looking for strong earnings growth from overseas companies after years of flat to declining earnings; for the most part, those markets delivered. Stock markets themselves responded, with international markets generally outperforming...