MARKETS Stocks were mixed as sentiment shifted. Investors weathered a challenging, uncertain environment during the quarter. The market’s attention focused on a softening global economy, US–China trade tensions, monetary policy, and the outlook for corporate earnings. The global growth outlook continued to deteriorate, as PMIs (purchasing manager indices) for most large economies continued to contract. […]

MARKETS Stocks were strong in the second quarter. Investors pushed prices higher even as the economic environment became less encouraging. Two factors were primarily responsible for the bullish sentiment: The Federal Reserve raised the possibility that it might cut interest rates for the first time since December 2008. Anticipation rose that the US and China […]

MARKETS Investors cheered as the Fed turned dovish. Stocks enjoyed a vigorous turnaround in the first quarter after enduring painful performance and sinking sentiment in last year’s fourth quarter. Fed chairman Jerome Powell pivoted from endorsing further interest-rate hikes in December to proclaiming “patience” in January as the Fed’s new guiding principle for monetary policy. […]