Focusing on Fundamentals
Financial markets have had the roughest October in years as investors have grown wary over future corporate profits and the Federal Reserve’s (Fed) monetary policy plans. Even as markets fluctuate, we encourage investors to focus on the fundamentals. We remain optimistic on the U.S. economy, and we believe that continued solid growth would likely support corporate profits and asset prices.
Third-quarter gross domestic product (GDP) and the Fed’s Beige Book — both released last week — confirmed that the U.S. economy is on solid footing. Third-quarter GDP, which grew 3.5%, topped the Bloomberg-surveyed econo... Read more