All Market Views by Stephen F. Auth

Market Memo: Weakening environment favors defense 
Feb. 2, 2016 :: Stephen F Auth
Federated's asset-allocation committee lowers stock-bond model to neutral on belief near-term factors more likely to send equities down than up.
Equity Outlook: Year-end S&P target reset at 2,150 on China, oil, volatility; longer 2,500 target intact 
Jan. 8, 2016 :: Stephen F Auth
Uncertainty and angst over oil, China policy missteps and earnings are feeding the selling frenzy for now, but the fundamentals are better than the headlines, and eventually they should win out.
2016 Outlook: Expecting a steady and profitable year ahead for equity investors 
Dec. 4, 2015 :: Stephen F Auth
2015's seesaw should give way to a friendlier 2016 equity market on higher earnings, higher multiples, solid growth and stabilizing oil
Market Memo: Don't fade this rally 
Nov. 2, 2015 :: Stephen F Auth
Don't let the bears get in the way of a slew of macro and market data that are pointing to a continuing, and strengthening, rally
Market Update: Year-end rally scenario still on track 
Oct. 12, 2015 :: Stephen F Auth
Fed, economy, China, biotech and cyclicals sending positive market vibes. Muted reaction to bank earnings would be icing on the cake.
Market Memo: Setting up for a year-end rally—but not quite yet 
Sept. 24, 2015 :: Stephen F Auth
The market needs to be convinced the news is becoming less worse out of China. When it does, we expect this slumbering secular bull to wake up
Market Memo: The world isn't ending 
Aug. 25, 2015 :: Stephen F Auth
The drama over China is creating opportunities for long-term investors willing to wait out the storm
Market Memo: China's storm clouds have a silver lining 
Aug. 13, 2015 :: Stephen F. Auth
As negative as recent headlines about China appear, we expect investors to begin refocusing on strong U.S. fundamentals driving markets higher by fall.
Market Memo: Still bullish and still expecting strong second half 
Aug. 3, 2015 :: Stephen F. Auth
Despite noise over China and oil, the economy looks poised to accelerate and to potentially drive the S&P 500 to our year-end 2,350 target
Market Memo: Greece crisis presents opportunity 
Jun. 29, 2015 :: Stephen F. Auth
With contagion risks low and U.S. economy accelerating, buy-on-dips view remains in place
Market Memo: Setting up for a strong second half 
Jun. 19, 2015 :: Stephen F. Auth
Uncertainty, never a friend of markets, is waning on nearly all fronts, setting the table for a strong second half
Market Memo: Tuesday's good news really was good news 
May 27, 2015 :: Stephen F. Auth
Signs of spring rebound suggest better back-half for stocks as Fed's likely to remain very cautious
Market Memo: Buy in May and go away 
May 8, 2015 :: Stephen F. Auth
We believe the market is in the process of lifting off from this see-saw period
Market Memo: Spring is coming—time to plant more bullish bets 
Apr. 14, 2015 :: Stephen F. Auth
As our five worries fade, the market appears poised to rise
Market Memo: Fed 'Apology Tour' underway 
Mar. 24, 2015 :: Stephen F. Auth
Yellen and colleagues go out of their way to reinforce lower for longer
Market Memo: Softer tone merits caution—not withdrawal 
Mar. 10, 2015 :: Stephen F. Auth
Lower oil, lower rates and economic blahs likely to weigh on stocks near-term before fading