May 03, 2019

Growth & Optimism: A Strong Start to 2019

Growth & Optimism: A Strong Start to 2019

The U.S. stock market experienced a beginning to 2019 that has all but erased memories of an adverse 2018 stock market and sparked crucial conversations as to the future of the economy. For most investors, there is a reason to celebrate, as the major stock indexes have seen the best four-month start to a year since 1999 while wiping away losses from the fourth quarter. Halfway through earnings season, over three-quarters of reporting S&P 500 companies have beat earnings expectations and investor confidence continues to rise as significant players hit milestone market values. Recent economic trends have driven market optimism, and are essential to identify as mainstays to current growth. As 2019 carries onward, these following economic movements will be foundational if this bull market is to continue.

Economic Growth

Employment Data

Interest Rates

As 2019 continues, there’s plenty of reasons to be optimistic about continued growth in the market, and there has been a relative lack of red flags that could signal an impending downturn. It’s important to note that recent economic data should not be taken at face value and that underlying components should always be evaluated with scrutiny. However, with a measured approach to the recent growth data, there is still reason to believe that these trends can continue. Even with the market at all-time highs, Narwhal continues the search for buying opportunities. Our bottom-up analysis style helps to identify value in individual companies regardless of general market trends. While we maintain that this style is not necessarily predictive, it allows for a degree of flexibility that we find exciting, independent of the current market conditions.

Luke Burton

Client Service Associate

Luke joined Narwhal’s client services team in the spring of 2019 after working as a wrangler on a West Colorado guest ranch. He holds a B.S. in psychology from Davidson College and competed for four years on the Davidson men’s swim team. His role at Narwhal focuses on internal operations and client services. In his own time, Luke enjoys all things related to fitness and the great outdoors.

Let’s start the conversation.

At Narwhal Capital Management, you’re more than just a portfolio, and it’s not all about the numbers. Let’s start with a meeting about your needs and future goals.