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Q1 2019 | Capital Markets Outlook
As the S&P 500 Index teetered on the verge of a bear market at year-end, we fielded numerous questions about the prospects for an impending recession.
- The CPI remained unchanged and the core CPI increased 0.2% in January, the Bureau of Labor Statistics stated.
- The Producer Price Index for final demand slipped 0.1% in January, the Bureau of Labor Statistics noted.
- The Census reported that retail sales fell 1.2% in December.
- Initial jobless claims rose by 4,000 to 239,000 in the week ended February 9, 2019, according to the Labor Department.
- As of February 8, 2019, with 66% of the S&P 500 Index companies reporting fourth-quarter earnings, 71% have reported a positive EPS surprise and 62% reported a positive revenue surprise, according to FactSet.
- The NFIB Small Business Optimism Index slipped in January.
- The University of Michigan’s preliminary index of consumer sentiment rose to 95.5 in February from 91.2 in January.