dgrmaintenance

It has been a volatile start to the year, with the S&P 500 now trading down slightly year-to-date (YTD) after peaking at +4.6% on February 19. We believe the most recent decline has been driven by two main factors: Analyst estimates have finally caught up to reality in some of the market’s biggest companies: The days of artificial intelligence-related stocks like NVIDIA blowing the roof off estimates when they report earnings and guidance appear to be over Given the relatively…

Now that the election is over, we wanted to share the main macro issues we will be watching into the new year, along with reasons to remain cautiously optimistic on equities. Key Issues to Watch Washington politics: While President-elect Trump has nominated candidates for many cabinet positions in the past two weeks, none of the main economic roles have yet been filled, most notably Secretary of the Treasury. It also remains to be seen which of his nominees will actually be…