All Market Views by Philip Orlando

Orlando's Outlook: Crude oil pendulum swings to extremes 
Nov. 16, 2018 :: Philip Orlando
We expect OPEC will reverse its recent increase in production at its meeting in December.
Orlando's Outlook: Is gridlock good? 
Nov. 9, 2018 :: Philip Orlando
A split Congress might find common ground on several key issues.
Orlando's Outlook: Powerful October jobs rebound 
Nov. 2, 2018 :: Philip Orlando
The labor market posted terrific job gains despite extreme weather.
Video: 'Blue Wave' may be just a ripple 
Nov. 1, 2018 :: Philip Orlando
Chief Equity Strategist Phil Orlando outlines three important swing factors that could help decide the outcome of the midterm elections.
Orlando's Outlook: Strong consumer drives solid Q3 GDP 
Oct. 26, 2018 :: Philip Orlando
Personal consumption expenditures rose stronger-than-expected in the third quarter.
What a 'Blue Wave' could mean for fiscal policy 
Oct. 22, 2018 :: Philip Orlando
Chief Equity Market Strategist Phil Orlando discusses what impact the 2018 elections may have on the markets and identifies two important swing factors investors should watch for in the midterms.
Orlando's Outlook: No Black Monday deja vu 
Oct. 19, 2018 :: Philip Orlando
Our year-end S&P 500 target of 3,100 has not changed despite the turbulence.
Orlando's Outlook: Risk of 'Blue Wave' roils markets, creates buying opportunity 
Oct. 12, 2018 :: Philip Orlando
Economy is strong, despite recent market volatility.
Orlando's Outlook: Florence distorts solid jobs report 
Oct. 5, 2018 :: Philip Orlando
Plenty to like under the surface of today's nonfarm payroll data.
Orlando's Outlook: 'Particularly bright moment' 
Sept. 28, 2018 :: Philip Orlando
Fed chair Powell voiced considerable optimism at the policy-setting meeting.
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
We expect a powerful Q4 rally that will drive equities to record highs.
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: 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: 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.