Our survey results are a wake-up call to people in their twenties and thirties: Get going.
Depending on the degree to which earnings slow, the dollar declines, corporations and individuals put cash to work and a variety of other factors, we can envision a scenario where the markets decline and then rebound to finish the year in the black.
Companies with pricing power will likely perform well and capital-related companies will likely outperform consumer-related companies.
The Merrill Lynch name has...inhibited broader acceptance of our retail products. This new brand is the linchpin of our effort to make our industry-leading products and services available to an even broader range of advisers and investors.
Yield-curve inversions do not necessarily mean a recession, but they're usually tied to slowdowns.
You've got to know the companies you own. You've got to be very picky.
The bull market is in the process of maturing. We are not bearish, but we think volatility will pick up this year.
As long as the economy stays healthy, financials will resume their underperformance.
This merger combines highly complementary product in terms of markets, geography, expertise and talent. As always, when you see that on paper the trick is executing and making it work. That's the task in front of us.
Earnings are not bad, but they're just not as good as they have been. We've gotten so used to them being better than expected, and now that they've returned to normal, the market is struggling with that.
