“Industry Perspectives” 2Q 2019
The S&P 500 Index posted its best 1st half of a calendar year since 1997, rising 18.54% from January 1 to June 30. As we have discussed previously, two main underlying forces – central banks and trade policies – continued to drive financial markets during the period and will likely continue to do so going forward.
In this latest Industry Perspectives, we discuss:
- The world’s central banks have been extremely reluctant to increase short-term interest rates given persistently sluggish global growth.
- For years, nations have used tariffs and regulations to protect internal businesses.
- The Fed’s challenge in achieving its stated mandate is complicated by the uncertainty surrounding the trade dispute with China and other countries.
We get to know the companies we invest in and learn how they run their business.
Top-Down & Bottom-Up
We identify Top-Down broad, secular growth trends and search for companies from the Bottom-Up.
We construct our portfolios based on our own proprietary investment strategy.
Sticking to our disciplined investment strategy ensures we maintain a consistent, balanced approach.
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