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Quarterly Commentaries

A Split Economy – Q4 2015

Consumer spending should drive U.S. economic growth even as energy-based businesses and other production-oriented firms struggle. This ongoing divided economic picture in the U.S. should produce moderate growth at home and contribute to unexciting global growth even as risks have risen.

Variability Within Moderate Growth – Q3 2015

China's slower growth is a headwind for global growth, but it impacts economies and businesses differently. Ā Strength in consumer and health care spending in the U.S. should overcome local production weakness.

Focus on Areas of Strength – Q2 2015

Selective market opportunities exist, even as the Federal Reserve embarks on raising interest rates and global growth is subdued.

Moderate Growth and the Strong Dollar – Q1 2015

U.S. GDP growth shifted lower, while European stocks rose on the weak Euro. A more difficult corporate profit growth environment in the U.S. is ahead despite steady economic growth. This should make sector positioning critical.
The information contained within each report was current at the time the report was created and may change over time.