Equity Market Views: Third Quarter 2019


Guggenheim recently released its 3rd Quarter Equity Market Views.  Topics include:

Looking Back – Q2 Review

For the second quarter, the S&P 500 Index produced a total return of 4.30 percent, the NASDAQ Composite gained 3.88 percent and the Dow Jones Industrial Average tacked on 3.21 percent. Gains were widespread with 10 of the 11 S&P sector groups finishing in positive territory.

Looking Ahead

In light of the strong year-to-date gains, the ongoing uncertainty surrounding the trade spat with China, and signs the global economy is slowing, Guggenheim has shifted to a more neutral outlook for risk assets.

Positioning /Sector Thoughts

The growing list of risks continue to favor a position in quality stocks, as they exhibit a strong earnings profile, are well-positioned in the current stage of the business cycle, have little correlation to volatility and have outperformed in the long-term with attractive risk-reward characteristics.

Key Return Drivers

  • Earnings Growth
  • Multiple Expansion
  • Dividends
  • Portfolio Flows

For more information regarding Guggenheim’s 3rd Quarter Equity Market Review and to read the full paper including UIT Investment Implications, please click on the link below:

Market Views: Third Quarter 2019

Investing involves risk, including the possible loss of principal.

This material is distributed or presented for informational or educational purposes only and should not be considered a recommendation of any particular security, strategy or investment product, or as investing advice of any kind. This material is not provided in a fiduciary capacity, may not be relied upon for or in connection with the making of investment decisions, and does not constitute a solicitation of an offer to buy or sell securities. The content contained herein is not intended to be and should not be construed as legal or tax advice and/or a legal opinion. Always consult a financial, tax and/or legal professional regarding your specific situation.

 This material contains opinions of the author or speaker, but not necessarily those of Guggenheim Partners, LLC or its subsidiaries. The opinions contained herein are subject to change without notice. Forward looking statements, estimates, and certain information contained herein are based upon proprietary and non-proprietary research and other sources. Information contained herein has been obtained from sources believed to be reliable, but are not assured as to accuracy.  Past performance is not indicative of future results. There is neither representation nor warranty as to the current accuracy of, nor liability for, decisions based on such information. No part of this material may be reproduced or referred to in any form, without express written permission of Guggenheim Partners, LLC.

 ©2019 Guggenheim Partners, LLC. Guggenheim Investments represents the investment management business of Guggenheim Partners, LLC. Securities offered through Guggenheim Funds Distributors, LLC.

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