We would be buyers of weakness in DAL (and other airline stocks) albeit with some caution around macro/geopolitical developments and overall market sentiment,
It's been a sharp decline from the highs in mid-February,
What you've had over the past week or two is a repricing of what's called the Trump put lower for equities, while at the same time, understanding that tariffs are probably here to stay in some form and aren't just a negotiating tactic,
You're seeing some signs of it at least getting an intermediate low and a little bit of a relief rally,
Many consumers cited the high level of uncertainty around policy and other economic factors; frequent gyrations in economic policies make it very difficult for consumers to plan for the future, regardless of one’s policy preferences,
Uncertainty is high and rising on Main Street, and for many reasons,
Last week we held off on revising our economic forecast as we awaited greater clarity on trade policy,
I do think it’s just a bit of an uncertain world out there right now,
Heightened trade policy uncertainty should weigh on activity growth, particularly for capital spending,
Until the haphazard tit-for-tat tariff threats are behind us, the uncertainty means markets will remain on edge,
Our interactions with clients indicate that the mood music is changing. While many see recession talk as premature, concerns about erratic policy from the new administration abound, with the ‘uncertainty tax’ hitting growth expectations,
The data cycle here in the US is going to be very important,
The expectations of Fed rate cuts have ... declined over, say, the last six months,
We don't think that we've seen the bottom,
I guess we're kind of back in this litigation uncertainty,
But we did get a couple of encouraging CPI and PPI prints this week. So, maybe there is a little too much fear out there,
We also believe 1Q may be more de-risked here than elsewhere when it comes to academic/govt demand,
We say this is a correction, not a bear market in U.S. stocks,
The markets are grappling with the notion of where fair value rests for a stock market that faces headwinds from tariffs, fiscal spending cuts and potentially softening economic data,
Russia’s rejection of the US-proposed 30-day ceasefire in Ukraine has reignited geopolitical instability,