All Market Views by Philip Orlando

Orlando's Outlook: Surging confidence drives accelerating retail sales 
Sept. 21, 2018 :: Philip Orlando
Strong jobs and sales data look like they will help to take the S&P 500 to 3,100 at year-end.
Orlando's Outlook: Fundamentals still matter 
Sept. 13, 2018 :: Philip Orlando
Confident market is not impressed by the litany of near-term risks.
Orlando's Outlook: Wages and payrolls rise in mixed August jobs report 
Sept. 7, 2018 :: Philip Orlando
The August labor market was again statistically quirky.
Orlando's Outlook: Student loan debt's growing economic drag 
Aug. 31, 2018 :: Philip Orlando
Student debt is weighing on the millennial generation.
Orlando's Outlook: Stocks thrilled with Powell's first Jackson Hole speech 
Aug. 24, 2018 :: Philip Orlando
The Fed leader stood his ground, saying 'gradual' rate normalization remains the strategy.
Orlando's Outlook: Will Social Security go bust? 
Aug. 16, 2018 :: Philip Orlando
There are several options to shore up its diminishing reserves.
Orlando's Outlook: Is there slack in the labor market? 
Aug. 8, 2018 :: Philip Orlando
We think there is. If it could be shrunk or eliminated, wages should grow.
Orlando's Outlook: Geoffrey the giraffe hijacks jobs report 
Aug. 3, 2018 :: Philip Orlando
A poor headline number belies strength in the job market.
Orlando's Outlook: Robust second-quarter GDP 
Jul. 27, 2018 :: Philip Orlando
The GDP report should not hinder the Fed's rate path.
Orlando's Outlook: Second-quarter fundamentals strengthen 
Jul. 20, 2018 :: Philip Orlando
Federated expects Q2 growth to come in at a strong 4.1%. The government's initial estimate is due Friday.
Video: Small caps a sweet spot in a challenging market 
Jul. 16, 2018 :: Philip Orlando
Chief Equity Market Strategist Phillip Orlando outlines the factors that may favor small caps given the likely opportunities and challenges in 2018’s second half.
Video: Why small-caps may be the Goldilocks asset class for 2018’s second half 
Jul. 16, 2018 :: Philip Orlando
Chief Equity Market Strategist Phillip Orlando offers insights on why small-cap stocks may offer an advantage in the months ahead.
Orlando's Outlook: Immigration can supplement declining fertility 
Jul. 13, 2018 :: Philip Orlando
The U.S. needs immigrant workers to keep the economy humming.
Orlando's Outlook: Goldilocks jobs report could ease Fed pressure 
Jul. 6, 2018 :: Philip Orlando
The jobs report showed more people are re-entering the labor market.
In Short: Small caps might be today's Goldilocks investment 
Jul. 3, 2018 :: Philip Orlando
U.S. small caps continue to benefit from increasing M&A activity, a robust economy and their predominate domestic focus.
Orlando's Outlook: Lighten up and lock in some profits 
Jun. 27, 2018 :: Philip Orlando
Concerned about production drops in several troubled countries, OPEC and Russia will increase oil output.
Orlando's Outlook: Oil policy reversal 
Jun. 22, 2018 :: Philip Orlando
Concerned about production drops in several troubled countries, OPEC and Russia will increase oil output.
Orlando's Outlook: Welcome to Jay Powell's Fed 
Jun. 15, 2018 :: Philip Orlando
New leadership at the Fed looks to be even more transparent. The question is, will it also be more hawkish?
Orlando's Outlook: With worry comes opportunity 
Jun. 5, 2018 :: Philip Orlando
There could be noise in the coming weeks, but second-quarter earnings released in mid-July should be strong.
Orlando's Outlook: Surprisingly robust May jobs report 
Jun. 1, 2018 :: Philip Orlando
Lots to like in the labor report and little to keep the Fed from a June hike.
Orlando's Outlook: Delayed gratification for small caps 
May 23, 2018 :: Philip Orlando
The recent small-cap rally has legs.
Orlando's Outlook: Strong 'Mapril' retail sales rebound 
May 17, 2018 :: Philip Orlando
Retail sales rebounded in the combined March and April months.
Orlando's Outlook: Inflation firming, not spiking 
May 11, 2018 :: Philip Orlando
This upward move of inflation is nothing to fear.
Orlando's Outlook: Mixed bag for April labor 
May 4, 2018 :: Philip Orlando
Sluggish job creation and wage growth suggest just two more Fed hikes this year.
Orlando's Outlook: GDP stronger than expected 
Apr. 27, 2018 :: Philip Orlando
The Q1 economy had the best first-quarter growth in three years.
Orlando's Outlook: Separate the wheat from the chaff 
Apr. 20, 2018 :: Philip Orlando
The big picture is still good for the U.S. economy suggesting that equities could rally.
Orlando's Outlook: Equity market roller-coaster heading higher 
Apr. 13, 2018 :: Philip Orlando
Earnings take center stage and they are expected to be very good.
Orlando's Outlook: Four'easters slow March jobs 
Apr. 6, 2018 :: Philip Orlando
The silver lining to the storms that impaired employment in March is that the Fed might slow its pace of hikes.
Orlando's Outlook: March Madness, equity edition 
Mar. 26, 2018 :: Philip Orlando
Stocks may be poised to reverse their recent weakness.
Orlando's Outlook: Trade deficit domino effect 
Mar. 20, 2018 :: Philip Orlando
Trump's tariffs come with wide-ranging ramifications.
Orlando's Outlook: In search of a one-armed economist 
Mar. 13, 2018 :: Philip Orlando
Federated's latest GDP house calls for 2018 and 2019.
Orlando's Outlook: Labor market perfection 
Mar. 9, 2018 :: Philip Orlando
The robust jobs report checked off every item on the market's wish list.
Orlando's Outlook: Is a retest inevitable? 
Mar. 1, 2018 :: Philip Orlando
Market volatility shows disconnect from economic fundamentals
Orlando's Outlook: Bottoming is a process 
Feb. 23, 2018 :: Philip Orlando
It will take time for the markets to fully know the new Fed's response to rising inflation expectations.
Orlando's Outlook: Ho, ho humbug? 
Feb. 16, 2018 :: Philip Orlando
The downgrade in retail sales belies a healthy consumer.
Orlando's Outlook: Buy on weakness 
Feb. 6, 2018 :: Philip Orlando
We view the recent market moves as a technical capitulation rather than a deterioration of solid fundamentals.
Orlando's Outlook: Wage growth begins to accelerate 
Feb. 2, 2018 :: Philip Orlando
Wage pressure seems to finally have arrived for the long-tightening labor market.
Orlando's Outlook: Imports & inventories mask strong GDP 
Jan. 26, 2018 :: Philip Orlando
Poor headline GDP reading is not the full story.
Orlando's Outlook: FOMO? No, follow the growth 
Jan. 19, 2018 :: Philip Orlando
Tax cuts and stronger growth should boost earnings and stocks this year; we now have a year-end S&P 500 target of 3,100.
Orlando's Outlook: Powerful start to the new year 
Jan. 10, 2018 :: Philip Orlando
The 'January Barometer' predicts another strong year for stocks.
Orlando's Outlook: December jobs report a lump of coal 
Jan. 5, 2018 :: Philip Orlando
Disappointing miss in the payrolls report sharply contrasts the strength of other employment measures.
Video: 2018 outlook for equities 
Jan. 3, 2018 :: Philip Orlando
Chief Equity Market Strategist Phil Orlando provides Federated's 2018 outlook for equities.
Orlando's 2018 Outlook: Can the new year top 2017? 
Dec. 22, 2017 :: Philip Orlando
Counting the reasons we feel will result in a strong economy and market in 2018.
Orlando's Outlook: Consumer spending accelerates into Christmas 
Dec. 15, 2017 :: Philip Orlando
Data suggest this could be the best holiday sales season since 2011.
Orlando's Outlook: 'Fairway' report on December jobs 
Dec. 8, 2017 :: Philip Orlando
Better-than-expected payroll gains and hours worked point to a Fed hike and then a possible Santa Claus rally.
Orlando's Outlook: Goldilocks revisited 
Dec. 1, 2017 :: Philip Orlando
On strong economic growth, we advise staying the course in the market.
Orlando's Outlook: OPEC's perfect storm 
Nov. 22, 2017 :: Philip Orlando
Forces are lining up to keep oil around $60/barrel.
Orlando's Outlook: Revisiting immigration reform as we approach Thanksgiving 
Nov. 17, 2017 :: Philip Orlando
A solution to the immigration debate is possible as the goals of each side are not mutually exclusive.
Orlando's Outlook: Reshaping the Fed 
Nov. 10, 2017 :: Philip Orlando
Trump has the opportunity to impact monetary policy, economic growth and market performance by filling open posts.
Orlando's Outlook: Jobs rebound, but entire report is mixed 
Nov. 3, 2017 :: Philip Orlando
There are enough positives in the jobs report to keep the Fed on track for another hike.
Orlando's Outlook: What hurricanes? 
Oct. 27, 2017 :: Philip Orlando
The prospect of fiscal policy reform continues to stir animal spirits among businesses and consumers.
Orlando's Outlook: Happy Anniversary 
Oct. 20, 2017 :: Philip Orlando
The market and economy today bear little-to-no resemblance to 1987.
Orlando's Outlook: Retail redemption 
Oct. 13, 2017 :: Philip Orlando
Retail sales rose in September, portending a strong holiday shopping season.
Orlando's Outlook: This too shall pass 
Oct. 6, 2017 :: Philip Orlando
We expect the labor market to bounce back in the fourth quarter.
Orlando's Outlook: Let's make a deal 
Sept. 29, 2017 :: Philip Orlando
Trump’s opening tax salvo will likely be subject to the usual dealing in Washington.
Orlando's Outlook: Fed finally closes the loop 
Sept. 22, 2017 :: Philip Orlando
The Fed will unwind its balance sheet, but Yellen may not be there for much of it.
Orlando's Outlook: Solid second-quarter GDP keeps Fed on pace 
Jul. 28, 2017 :: Philip Orlando
Q2 GDP more than doubled that of the first quarter.
Orlando's Outlook: Round trip 
Jun. 9, 2017 :: Philip Orlando
The latest Federated Macro Policy Committee observations of and positions on the U.S. economy.
Orlando's Outlook: Strong December jobs report doesn't matter for markets 
Jan. 8, 2016 :: Philip J Orlando
The labor market was much stronger than expected in December, which should have quelled some of the China-driven angst that has roiled global markets thus far in 2016.