On the Radar: What is the outlook for U.S. earnings?

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OnTheRadar
May 2019
FAQs on the Markets and Economy
On the Radar is a biweekly publication providing quick and concise answers to the topical investment and economic questions that are on investors' minds.
New questions in this issue:
1.
What is the outlook for U.S. earnings?
The outlook for corporate profitability has slowed after last year's tax cut boosted double digit gains, but with continued economic expansion, subdued inflation, and low interest rates, we see enough earnings growth ahead to push stocks higher by year-end.
2.
With consumer confidence so high, what does that mean for the future?
The May release of the University of Michigan Consumer Confidence report shows more than a 10-point jump in the survey since the beginning of the year and places it at a 15-year high.
3.
What insight was gleaned from the release of the Fed minutes?
The Fed is in no rush to change the level of interest rates. Even if the economy strengthens, which it believes, the Fed plans on keeping interest rates unchanged for the year.
4.
What is driving performance in the High Yield Municipal sector this year?
High yield (HY) municipal bonds have returned 5.3% YTD, according to the Bloomberg Barclays family of indices.
5.
What is City National Rochdale's investment outlook?
Given our positive assessment of the fundamental backdrop, we remain bullish on equities in general for 2019 and continue to see attractive prospects in the opportunistic fixed income class.
Read More on CNR.com »
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