Subscribe to our newsletter


Retail Sales: Two Ways to Look at the Same Data

The U.S. retail sales report for the month of May came out Tuesday. The topline figure increased a staggering 17.7% month-over-month, after having contracted 8.2% in March and 14.7% in April. Since expectations were for an advance of only 8.4% in May, it’s not hyperbole to say that this report blew consensus out of the water, showing that the restart is happening faster than most anticipated. In other words, that’s another tick in the plus column for the V-shaped narrative.

Consumer comfort climbs higher

The Bloomberg weekly Consumer Comfort Index is a national survey that asks Americans about the overall economy, their own personal financial situation, and how they view the backdrop for making large purchases. Because it’s weekly, the index provides a timely view of how consumers are feeling. And this week it’s inflecting higher, now at 38.7% from its low of 34.7% reached in mid-May.

A Turning Point for Value Stocks?

As we’ve highlighted in recent weeks, growth has significantly outperformed value this year, as investors have tended to favor companies with strong balance sheets, stable cash flows, and good long-term prospects for growth. But could the trend finally be turning? The Dow Jones Market Neutral Momentum Index — a pure expression of the momentum factor in the domestic equity market — suggests it is.

Low Global Short-Term Interest Rates Good for Growth, Bad for Income?

Markets & The Economy: Telling Two Different Stories?

Fed Funds Rate Expectations for Hikes in 2009 vs. Now

Lots of Inventory to Work Down Before Production Picks Up

Equities down slightly as oil collapses, credit spreads widen

Coming Off Equity Bottom, Growth Continues to Beat Value

Equities gain as crude oil nears collapse

Equities added to their recent gains, following their historic rally two weeks ago. U.S. markets led, with the S&P 500 up 3.1% (SPX). Emerging equities lagged, up 1.5% (MXEF), and International Developed returned only 0.8% (MXEA) last week primarily due to weakness in Europe. 

Equities Rally On Possible Signs of Virus Slowing

Equities rebounded last week, with the U.S. market leading, up 12.1% (SPX). Foreign markets lagged, with International Developed up 8.1% (MXEA) and Emerging Markets up 6.7% (MXEF). 
Horizon Investments

Connect product to planning with the Horizon technology suite. Goals-based strategies, cutting edge software.

Explore mutual funds managed by Horizon Investments.

You are now leaving this website to go to