economy Archives

Consumers’ Moods Begin to Brighten

Mike Dickson, Ph.D.

Sentiment finally rises After months of feeling downbeat, consumers’ attitudes are perking up. The University of Michigan Consumer Sentiment index (one of the oldest gauges

Evaluating the Short- and Long-Term Impacts of Liberation Day

Scott Ladner

Tariffs are taxes and taxes slow economic growth. The Trump administration’s newly announced tariff policy represents a ~$600 billion tax hike, roughly twice the size

Schwab Network: Tech ‘Has to Be’ in Your Portfolio

Scott Ladner

Watch Now

BNN Bloomberg: Market playbook for a Trump or Harris victory

Scott Ladner

Chief Investment Scott Ladner joined BNN Bloomberg to discuss potential impacts of the U.S. election on markets.

Happy Birthday, Bull!

Mike Dickson, Ph.D.

The stock market is two years (and counting) into a bull market. Last Saturday marked the second anniversary of the current bull market for stocks.

Bloomberg: A Divided Fed Raises Questions About Future Cuts

Zachary Hill, CFA®

https://www.youtube.com/watch?v=-f7S0cz_D-4&t=95s We remain bullish on equities, anticipating that continued support from the Fed will drive markets higher as we close out the year. Head of

Special Report: The Easing Cycle Finally Begins

Zachary Hill, CFA®

What Happened? The Federal Reserve (Fed) started their much-awaited easing cycle on Wednesday after holding their target rate in the 5.25-5.50% range since last July.

BNN Bloomberg: The underleveraged U.S. consumer

Scott Ladner

September holds its notorious history of challenging stocks. How could interest rate cuts affect the market’s response? Chief Investment Officer Scott Ladner joins BNN Bloomberg

Fox: Why does the U.S. consumer feel like garbage?

Scott Ladner

Regardless of stabilized delinquency rates and healthy debt-to-income ratios, consumers do not believe this is a good economy. Chief Investment Officer Scott Ladner joins Fox

Schwab: The “War and War Recovery” Cycle of the Markets

Scott Ladner

Despite Nvida’s recent slump, the market kept moving. Chief Investment Officer Scott Ladner joins Schwab Network to discuss a shift in focus to the broadening

Are Fixed-Income’s Calm Waters About to Get Choppy?

Mike Dickson, Ph.D.

Keeping a close eye on Treasury market volatility Volatility in the Treasury bond market is once again flirting with its recent lows. That could be

High Yield Action

Mike Dickson, Ph.D.

Taking a tactical approach to “junk” bonds Yield-hungry investors eyeing an eventual Fed rate cut are moving into high-yield corporate bonds thesedays, a show of

An Inflation Head-Fake?

Mike Dickson, Ph.D.

Prices of many services are heating up again. Last week, we learned that the Fed’s preferred inflation gauge—the core personal consumption expenditures(PCE) price index—rose by

People Have Power!

Zachary Hill, CFA®

Robust consumer spending continues to support a strong economy. Last week’s impressive jobs data—employers added 353,000 new jobs in January, nearly double the expected amount—had

Good Vibes

Mike Dickson, Ph.D.

The economy and inflation are lining up as investors hoped they would. All eyes were on the Fed this week as it held its first

Will Housing Spoil the Inflation Party?

Mike Dickson, Ph.D.

“Sticky” shelter costs could keep overall prices uncomfortably high. While inflation’s steady march downward of late has investors (and the Fed) cheering, it may be

Q4 2023 Quarterly Focus Article

Scott Ladner

OVERVIEW Following a third-quarter slump, stocks roared back to life during the final three months of 2023. The S&P 500 index of large-company stocks rallied

Small Packages

Zachary Hill, CFA®

Will December bring glad tidings to small-company stocks? Small-cap stocks have had quite the slog this year. Punished by rising interest rates and lingering fears

CIO Scott Ladner on BNN Powell’s Comments on Rising Rates

Scott Ladner

Scott Ladner joins BNN Bloomberg to discuss the U.S. markets, and Powell’s recent comments on raising rates. Watch Video

A Roaring U.S. Economy?

Mike Dickson, Ph.D.

GDP growth over the past three months may have been huuuuuge. Third-quarter GDP growth could be a monster. True, it’ll be a few weeks before

The Homebuyer Blues

Mike Dickson, Ph.D.

House hunters are facing a shocking number these days. Pity today’s homebuyers who are looking at an average monthly mortgage payment just shy of $2,900.

Q3 2023 Quarterly Focus Article

Scott Ladner

OVERVIEW During the third quarter of 2023, investors hit “pause” on the rally that had lifted stocks higher for much of the year. The major

CIO Scott Ladner joins BNN Bloomberg to discuss investing amid high rates.

Scott Ladner

Bond market must get ‘under control’ before stocks rise again. Chief Investment Officer Scott Ladner predicts ‘problems’ with small and mid-capital businesses amid high Fed

Q3 2023 Review + Market Outlook Webcast

Scott Ladner

https://www.horizoninvestments.com/wp-content/uploads/2023/10/Q3-Webcast-Super-TB-Small_1.mp4 Chief Investment Officer Scott Ladner and Managing Director of Consulting Solutions Austin Fitch review the third quarter of 2023 and provide a market outlook.

CNBC: The Bear Case for Consumer Staples

Scott Ladner

Look Outside of the Stocks that Gained from the Inflation Trade The staples companies were not hurt on the input side of the inflation equation,

Dollar Dollar Bill, Y’all!

Zachary Hill, CFA®

The greenback’s recent rally could have legs. The U.S. dollar is lighting up the charts, rallying for the past ten weeks (see the chart). That’s

BNN Bloomberg: Upside in markets, cyclical commodities, and more

Scott Ladner

Next-generation investing in AI will take hold in 2024 CIO Scott Ladner joined BNN Bloomberg to discuss the upside in markets, cyclical commodities, Japan’s corporate

Market Update: Economic Data, Monetary Policy, and Current Market Positioning | September 18, 2023

Zachary Hill, CFA®

https://youtu.be/mWhUrUv0Ffo?feature=shared Hear Zach cover what Horizon is taking from recent economic data, our expectations for Fed and monetary policy, and our positioning across equities and

Could An Oil Boom Bust The Economy?

Mike Dickson, Ph.D.

Sharply higher oil prices have the potential to re-ignite inflation. Last week saw oil prices hitting their highest point in 10 months following news that

A Possible Peak Soft Landing & A.I. Potential | Schwab Network

Scott Ladner

CIO Scott Ladner joined Schwab Network to discuss recent employment and inflation data, factors behind soft August, and artificial intelligence.

Haven’t Got Time For The Pain

Zachary Hill, CFA®

There are few signs of the economic struggles predicted at Jackson Hole last year. Attention will be focused on Wyoming this week, where the 46th

Turbulence Ahead?

Zachary Hill, CFA®

Stock investors may want to brace for some bumps in the road. After months of gains and low volatility from stocks, emerging signs show that

Market Update: Fed, Microeconomics, and Macroeconomics | August 7, 2023

Zachary Hill, CFA®

https://youtu.be/e26Kr8v2gvg Head of Portfolio Management Zach Hill, CFA® covered why the Fed matters less today, takeaways from earnings season, and under-the-radar macro themes we are

No hike but high rates, where do you put the money?

Scott Ladner

CIO Scott Ladner joined Yahoo! Finance to discuss portfolio positioning and how to prepare for the Fed.

It Ain’t Over ‘Til It’s Over

Zachary Hill, CFA®

Is the Fed’s battle to contain inflation finally done? The market seems to think so. Recent comments from multiple Wall Street firms and economists suggest

Q2 2023 Quarterly Focus Article

Scott Ladner

OVERVIEW During the second quarter of 2023, several key equity market indices built on their gains from the prior three months (see Exhibit 1). For

Q2 2023 Review + Market Outlook Webcast

Scott Ladner

https://youtu.be/etvuMLvXBAM Chief Investment Officer Scott Ladner and Managing Director of Consulting Solutions Austin Fitch review the second quarter of 2023 and provide a market outlook.

Homes! Homes! Homes!

Mike Dickson, Ph.D.

The housing market is the latest economic indicator to light up the charts? One of the key leading indicators of future economic activity—construction of new

Jobs! Jobs! Jobs!

Mike Dickson, Ph.D.

The positive surprises in the labor market just keep on coming. Job creation in the U.S. continues to defy expectations. Case in point: last week’s

Horizon Investments | Mid-Quarter Update

Scott Ladner

CIO Scott Ladner, and Managing Director Austin Fitch, CFA® discuss the debt ceiling debate, disinflation, equity allocations, and the current market environment. https://youtu.be/Sjn6C0NsP9g

Regional Banks: Smaller than you think

Mike Dickson, Ph.D.

Fear-inducing headlines are likely painting too grim of a picture. Silicon Valley Bank. Signature. First Republic. PacWest. Comerica. The list of regional banks that have

FOCUS QUARTERLY OUTLOOK; Q1 2023; WHERE DO WE GO FROM HERE? After a dizzying start to 2023, investors face three potential paths

Horizon Investments Quarterly Focus: Q1 | Where do we go from here?

Scott Ladner

Overview The idea that the financial markets “climb a wall of worry” by showing resilience in the face of significant challenges was fully displayed during

Market Update + Outlook with CIO Scott Ladner and Austin Fitch CFA®

Horizon Investments

Scott Ladner and Austin Fitch discuss the Fed announcement and the current market and what they are watching.

What Happens When The Fed Stops Raising Rates?

Mike Dickson, Ph.D.

Stocks stand to benefit if the Fed eases up on the brakes Continued concerns about the health of the U.S. banking system and economy have

Zach Hill, CFA® joined ‘Squawk Box’ to discuss what’s happening in the microeconomic economy

Zachary Hill, CFA®

“The U.S. economy looks pretty strong, and we think that will feed into corporate profits.” – Zach Hill, Head of Portfolio Management

Q4 Focus 2022: Navigating The Unknown

Scott Ladner

Overview Financial markets suffered sizable—in some cases, historic—losses in 2022. Soaring inflation combined with an aggressive monetary policy response by the Federal Reserve Board created

Q4 2022 FOCUS Webcast

Horizon Investments

CIO Scott Ladner on Fox Business: the economy and expectations for 2023

Horizon Investments

CIO Scott Ladner joined Maria Bartiromo on Fox Business to discuss the impact of inflation on earnings and his thoughts on the economy and a

Negative Demand Shock is on the Horizon

Horizon Investments

Zach Hill, CFA® shares his expectations around negative demand, the next Fed meeting, and his thoughts on particular sectors. Watch the Video

CIO Scott Ladner weighs in on Tech buys with Liz Claman

Horizon Investments

Horizon Investments CIO Scott Ladner explains the lull in chip demand and why now is the time to invest in tech stocks on ‘The Claman

CIO Scott Ladner joins Maria Bartiromo on Fox News Media

Horizon Investments

CIO Scott Ladner argues housing leads the economy and will cause a market ‘softening’ as he joins Maria Bartiromo on Fox News Media

Economic Health

Horizon Investments

Zachary Hill, CFA‘s insights on the economic health from a consumer and corporate perspective.

Wall Street adds to gains!

Horizon Investments

Wall Street adds to gains following surge in Chinese markets

Ukraine Attack Ignites Economic Fear

Horizon Investments

Inflation sticker shock is spreading; 55% of the items in the Consumer Price Index have an annual inflation rate of at least 5% in October.

Ripping Off the Easy-Money Band Aid

Scott Ladner

Inflation sticker shock is spreading; 55% of the items in the Consumer Price Index have an annual inflation rate of at least 5% in October.