All Market Views by Stephen Auth

Market Memo: Back to the secular bull; adding to equities 
Nov. 10, 2016 :: Stephen Auth
Republican sweep sets the stage for policies that are constructive for equities.
Election Special: It's the hard place 
Nov. 9, 2016 :: Stephen Auth
Trump's surprise win initially will drive a risk-off trade, but longer-term, it may present opportunities for long-term investors.
Market Memo: Between a rock and a hard place 
Nov. 2, 2016 :: Stephen Auth
Election uncertainty is only one of many near-term headwinds that argue for caution in this market.
Market Memo: The long-awaited downside move may be at hand 
Sept. 15, 2016 :: Stephen Auth
Near-term risks could give us a correction heading into fall, but longer-term, this could create attractive buying opportunities for patient investors.
Secular Bull Update: Still near-term cautious but 2,500 remains in the wings 
Aug. 25, 2016 :: Stephen Auth
There are some issues that could stall or pare gains between now and year-end. But the longer-term outlook is still very bullish.
Video: A 'Five Ones World' 
Aug. 12, 2016 :: Stephen Auth
Chief Investment Officer for Global Equities Steve Auth says uncertainty and headwinds could lead to euro-dollar-pound parity, 1% 10-year yield and a Fed that is one and done.
Market Memo: 'A Five Ones World' 
Jul. 8, 2016 :: Stephen Auth
Uncertainty and headwinds could lead to euro-dollar-pound parity, 1% 10-year yield and a Fed that is one and done. Caution remains the word of the day.
Market Memo: Thunder in those clouds; staying in the barn for now 
Jun. 24, 2016 :: Stephen Auth
More rain will follow; we are maintaining our cautious stance.
Market Memo: Recent trip to Europe confirms 'cloudy with a chance of sun' forecast 
Jun. 14, 2016 :: Stephen Auth
Observations while in Europe reaffirm Federated's cautious stance.
Market Memo: Cloudy with a chance of rain (or sun) 
May 24, 2016 :: Stephen F Auth
As it awaits clearer skies on cloudy issues, Federated continues to hold off on adding to equities in its stock-bond portfolio model.
Market Memo: The yellow flag's still out on stocks 
Apr. 22, 2016 :: Stephen F Auth
The impressive late-winter/early-spring equity rally aside, several outstanding issues could prompt a summer swoon. As a result, we recommend avoiding aggressive buying at this time.
Market Memo: Reiterating our cautious stance 
Mar. 22, 2016 :: Stephen F Auth
The arrival of spring is a good time to refresh our outlook.
Market Memo: Lowering year-end target; cautious stance reiterated 
Feb. 19, 2016 :: Stephen F Auth
Federated's asset-allocation committee shifts to an equity underweight in its model portfolio on concerns conditions will get worse before they get better.
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