Quarterly Sector and Investment Research Update

Key Takeaways

The US economy appears to still have positive momentum, based on forward-looking metrics such as hiring expectations.
Stocks in the consumer discretionary sector could be poised to benefit from improving consumer buying power, strong earnings growth, and low valuations.
Even after its recent winning streak, the financial sector could still have further room to run.
Software companies have been showing market-beating earnings growth and yet have been lagging the market—potentially setting the industry up for a rebound.