Market Insight

Earnings may be about to do something they've never done before
by Jeffrey Kleintop
August 21, 2017

For the world's stock market to continue to rise, it is our view that after trying and failing three times over the past 10 years earnings per share must push through the ceiling of $30.

Schwab Market Perspective: Volatility Returns!
by Liz Ann Sonders, Brad Sorensen and Jeffrey Kleintop
August 18, 2017

The latest dip in the market shows why it's important to stay focused on the bigger picture.

Twist and Shout: United States Takes on North Korea … Implications for Stocks
by Liz Ann Sonders
August 14, 2017

Rising tension between the United States and North Korea was a catalyst for a swift reversal in stocks last week, but not the only reason.

What are fund flows telling us about trends and risks in the global stock market?
by Jeffrey Kleintop
August 07, 2017

Taking a look at where market participants are putting their money can help to spot trends and evaluate risks.

Big Time: An Update on Our U.S. Large Cap Bias
by Liz Ann Sonders
July 31, 2017

We continue to emphasize large cap U.S. stocks over small cap stocks on a secular basis, although cyclically, small caps could find their footing.

Fed Keeps it on the QT
by Liz Ann Sonders
July 26, 2017

The Fed surprised no one by holding off on raising rates, but added a teaser to the statement suggesting quantitative tightening (QT) could begin in September.

An important benefit to global investors is back after 20 years
by Jeffrey Kleintop
July 24, 2017

What's happening in the markets that could benefit investors?

Where’s the Next Bubble?
by Jeffrey Kleintop
July 10, 2017

The current candidates for the next bubble do not seem to fit the classic bubble profile and may cause less potential damage if they were to burst, but that doesn't mean they don't carry risks for investors.

2017 Mid-year US Equity Outlook: Rattle and Hum
by Liz Ann Sonders
July 03, 2017

Neither partisan conflict nor monetary policy uncertainty has dented the U.S. equity bull market; but are risks rising in the second half?

2017 Mid-year Global Market Outlook: Broader Growth, Narrower Risks
by Jeffrey Kleintop
June 26, 2017

Global stocks may continue to rise in the second half of the year supported by broad global economic growth and receding political risks.

The Space Between … Tech Today Doesn't Resemble Tech Circa 2000
by Liz Ann Sonders
June 19, 2017

Since the 5% pullback in the S&P 500's technology sector some are drawing parallels to the bubble peak in 2000; which we think is a stretch.

Are bonds signaling a major stock market peak?
by Jeffrey Kleintop
June 12, 2017

Does the flattening yield curve in the bond market and rising prices in the stock market reflect a fundamental disagreement on the prospects for the global economy?

The Long Period of Underperformance for Emerging Market Stocks May Finally Be Over
by Jeffrey Kleintop
May 30, 2017

The end of the long period of emerging market stocks’ underperformance is supported by a recent change in trend for each of the four drivers of emerging markets.

Gimme Three Steps … and a Stumble?
by Liz Ann Sonders
May 22, 2017

The Fed will continue to raise rates, which shouldn’t alarm investors; but the addition of quantitative tightening (QT) via balance sheet shrinkage could drive volatility.

Is The Stock Market Just Quiet Or Is It Too Quiet?
by Jeffrey Kleintop
May 15, 2017

Does the low volatility and trading volume of this quietly rising stock market mean it’s vulnerable to a sharp pullback on any piece of bad news?

What the Coming Tax Cuts Mean for the Stock Market
by Jeffrey Kleintop
May 01, 2017

The leaders of most major countries are implementing or calling for corporate tax cuts. This may be welcome news for stock market investors since it could mean a boost to after-tax profits.

Missiles and Markets: An investor guide to geopolitical risks
by Jeffrey Kleintop
April 17, 2017

The long history of U.S. missile strikes and NATO military operations shows us that the market impacts of these geopolitical conflicts have been small and brief.

Top Five Trade Issues Investors Should Be Watching
by Jeffrey Kleintop
April 03, 2017

World trade is steadily rising, but changing trade agreements hold the potential to shape the direction of global trade and stock markets.

The Fed has China in a Tough Spot
by Jeffrey Kleintop
March 20, 2017

The Fed rate hike has put China in a tough spot in early 2017. How China responds will be important for global markets as investors assess the trade fallout and growth trajectory for the world’s second largest economy.

The future of Europe: EU 2.0 and its impact on the markets
by Jeffrey Kleintop
March 06, 2017

What does Europe’s future look like and what might it mean for investors?

The stock market sees nothing to worry about—that may be about to change
by Jeffrey Kleintop
February 21, 2017

Stock markets are currently behaving as if there is nothing to worry about, but that may be about to change now that we are within 45 trading days of the French Presidential election.

Simple Indicators In A Complex World
by Jeffrey Kleintop
February 06, 2017

When people feel there is a situation that is out of their control or too complicated to analyze, they often fall back on rules of thumb to make decisions.

Five Reasons to Stay Invested Despite Heightened Uncertainty
by Jeffrey Kleintop
January 23, 2017

There are five reasons to stay invested despite the heightened uncertainty.

The CURE for a calm market: Four risks for 2017
by Jeffrey Kleintop
January 09, 2017

After a calm post-election climb for stocks, developments in China, United Kingdom, Russia, and Europe may bring a return of volatility.

5 Reasons International Stocks May Underperform in 2017
by Jeffrey Kleintop
December 12, 2016

There are five key reasons developed international stocks may lag U.S. stocks again in 2017.

Happy Unrecession: The Alice in Wonderland economy
by Jeffrey Kleintop
November 28, 2016

While the odd and upside-down developments confronting investors may seem mad, the stock market gains are not as misguided or illogical as they may at first seem.

Recession Odds Pass Key Threshold
by Jeffrey Kleintop
October 31, 2016

A reliable historical indicator suggests the events of October may have been more soothing than scary for long-term investors.

Three Reasons Stocks May Avoid Another Lost Decade
by Jeffrey Kleintop
October 17, 2016

The end of September marked 10 years with no growth in earnings and nine years with no gain in the stock market—what will the next 10 years offer investors?

Going Godzilla: What has the Bank of Japan Unleashed?
by Jeffrey Kleintop
October 03, 2016

The Bank of Japan faces a rising risk that their policy has created a monster that may be getting harder to control.

World Tour: An Around The World Look At the Economic Landscape
by Jeffrey Kleintop
September 19, 2016

The global picture may have brightened a little, thanks largely to Asia, but with little momentum to that improvement.