3Q 2018 Market Letter


As we enter the homestretch into year-end 2018, it’s still all about the economy and earnings, both of which have been – forgive us the highly-technical industry jargon – “gangbusters!” The U.S. economy grew at a 4%-plus rate in Q2 and likely somewhere in that ballpark in the most-recent quarter as well, appearing to continue firing on all cylinders; earnings, meanwhile, have grown at an annualized clip of over 25% for two quarters in a row and are expected to come in only slightly below that when third-quarter reporting season unfolds beginning mid-October.

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