PNC Investment Corner - PNC
Investment Corner is your connection to PNC's investment expertise. Read the latest thinking from the investment strategy team and listen to key thought leaders from PNC talk about the impact of market or economic activity. From insightful commentary and economic updates to informative articles and videos, we invite you to explore these resources.

Signs of Spring


Oil Prices – Going Down, Down, Down?


Election Year 2016 – Here We Go Again


The End of an Era: 2016 Outlook Part 1


Spending Days Are Here Again


A Home Of One's Own


Currency Games


Fasten Your Seatbeats


Not So Sunny in Puerto Rico


What's An Investor To Do?


  • Spending Days are Here Again

  • A Home of One’s Own

  • Job Market Recovery

  • Fasten Your Seatbelts

  • Currency Games

  • Lower than Estimated Revenues

  • Is There a Way Out?

  • Changing Season in Japan

  • How Fragile is China?

  • The MLP Platform

  • Rates Hikes Up in the Air

May 23, 2016

May 16, 2016

May 9, 2016

May 2, 2016

April 25, 2016

April 18, 2016

April 11, 2016

April 4, 2016

March 28, 2016

March 21, 2016

March 14, 2016

March 7, 2016

February 29, 2016

February 22, 2016

February 16, 2016

February 8, 2016

February 1, 2016

January 25, 2016

January 19, 2016

January 11, 2016

January 4, 2016

December 28, 2015

December 21, 2015

December 14, 2015

December 7, 2015

November 30, 2015

November 23, 2015

November 16, 2015

November 9, 2015

November 2, 2015

April 2016: Signs of Spring

Last month’s Investment Outlook, Market Madness, discussed the volatility and uncertainty that unhinged markets at the onset of 2016. A lot can happen in a month, and following a five-week rally in the markets, the S&P 500®has reversed its losses year to date and is up more than 11% from its February 11, 2016, low. One could simply ride the waves of bears and bulls, and curiously we notice how easily soothed investors can get with such a bounce back in the markets. But what does this really mean longer term? And do investors surrender to current market sentiment when making investment decisions.

March 2016: Market Madness

Markets kicked off 2016 amid a flurry of perceived global concerns, fueling a selloff in risk assets and amplifying volatility. Topically, concerns about global growth, China and its stock market, oil prices, the U.S. economy, the Federal Reserve (Fed) and the forward path of interest rates, and geopolitics are drivers of the uncertain outlook. The market response has been swift and certain, both as the market moved down and as it recovered. Our purpose in this outlook is to address concerns about how such markets can be interpreted and how to respond accordingly.

February 2016: New Investments Path with Smart Beta

In this month’s Investment Outlook, New Investment Paths with Smart Beta, PNC Chief Investment Strategist Bill Stone discusses a wide range of smart beta strategies which PNC believes can be an attractive addition to traditional investment portfolios.

January 25, 2016 – Earnings Snapshot 4Q15

Fourth quarter earnings season reached full speed last week, with 15% of S&P 500® constituents reporting thus far. Blended earnings of -6.0% (actual growth combined with consensus estimates) are trailing estimates from the start of the quarter, with the biggest drag from Energy and Materials. The percentage of companies beating expectations is relatively in line with levels seen over the past year at 72.4%. The earnings surprise of 270 basis points is a bit below levels from previous quarters, which tracked closer to 400-500 basis points. (Table 1). Excluding Energy, earnings are tracking a bit behind, although it is still early in the season, and based on historical upside, we expect this to turn positive as the season progresses.

January 7, 2016 - Global Market Unease

Global markets have had a tumultuous start thus far in the first few trading days of 2016, with a number of factors affecting market sentiment, triggering global equity markets to sell off. In the United States, the S&P 500® had its sixth-worst first trading day of the new year performance on Monday since 1928 (-1.53%). History has shown that reversion does tend to occur when markets have gotten off to a rough start, while we note the turnaround is typically not a quick occurrence.

December 2015: The End of an Era: 2016 Outlook Part I – Market Commentary

It is time once again for PNC Chief Investment Strategist Bill Stone to look back. In this month's Investment Outlook, The End of an Era: 2016 Outlook Part I, he reviews last year's projections for 2015 and begins to lay out his views for 2016.

December 2015: The End of an Era: 2016 Outlook Part I

It is time once again for PNC Chief Investment Strategist Bill Stone to look back. In this month's Investment Outlook, The End of an Era: 2016 Outlook Part I, he reviews last year's projections for 2015 and begins to lay out his views for 2016.

November 2015: Consumer Homecoming

After a tumultuous summer in the markets, marked by uncertainty surrounding global growth and growing skittishness around trying to time when the Federal Reserve (Fed) will raise interest rates, markets appear to have found solid ground once again.

Market Update: Third Quarter - Earnings Wrap Up: Earnings Continue to Inspire but Sales Fall Short

Third-quarter earnings season is slowly coming to a close for the S&P 500®. Overall, we would rate the season as relatively good. Earnings declined 1.7%, with most sectors exceeding suppressed expectations.

October 2015: The Tortoise and the Hare

The Federal Reserve (Fed) has long held the view that a move to normalization in terms of monetary policy would occur with a stronger U.S. economy.

September 2015: Bear in a China Shop

Bucking tradition, markets have not been given a quiet period of vacation this summer. In recent weeks, moves out of China have sent markets skittering. It all started with special drawing rights (SDR), or so it may appear.

August 2015: Questioning the Bulls and Bears

With markets attempting to digest and forecast a series of influential events around the globe, volatility picked up considerably in recent months. The broad-reaching implications from Greece and its debt woes;the continued U.S. economic recovery and the outlook for interest rates;the slowdown in China, the world’s second largest economy; and the impact of low oil prices, among other market events, are certainly a lot to follow.

August 24, 2015: The Summer of our Discontent

Prior to the market open today, the S&P 500® is about 7.5% off its closing high in May. This decline has driven the year-to-date returns on stocks into the red and sparked concerns that this could be an ominous sign of things to come. This Market Update reviews our reasons for expecting market volatility in the second half of 2015 and how we believe investors should react to the recent market decline.

The PNC Financial Services Group, Inc. (“PNC”) provides investment and wealth management, fiduciary services, FDIC-insured banking products and services, and lending of funds through its subsidiary, PNC Bank, National Association (“PNC Bank”), which is a Member FDIC, and provides specific fiduciary and agency services through PNC Delaware Trust Company. This report is furnished for the use of PNC and its clients and does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific investment objectives, financial situation, or particular needs of any specific person. Use of this report is dependent upon the judgment and analysis applied by duly authorized investment personnel who consider a client’s individual account circumstances. Persons reading this report should consult with their PNC account representative regarding the appropriateness of investing in any securities or adopting any investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. The information contained in this report was obtained from sources deemed reliable. Such information is not guaranteed as to its accuracy, timeliness, or completeness by PNC. The information contained in this report and the opinions expressed herein are subject to change without notice. Past performance is no guarantee of future results. Neither the information in this report nor any opinion expressed herein constitutes an offer to buy or sell, nor a recommendation to buy or sell, any security or financial instrument. Accounts managed by PNC and its affiliates may take positions from time to time in securities recommended and followed by PNC affiliates. PNC does not provide legal, tax, or accounting advice unless, with respect to tax advice, PNC Bank has entered into a written tax services agreement. PNC does not provide services in any jurisdiction in which it is not authorized to conduct business. PNC Bank is not registered as a municipal advisor under the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Act”). Investment management and related products and services provided to a “municipal entity” or “obligated person” regarding “proceeds of municipal securities” (as such terms are defined in the Act) will be provided by PNC Capital Advisors, LLC, a wholly-owned subsidiary of PNC Bank and SEC registered investment adviser. Securities are not bank deposits, nor are they backed or guaranteed by PNC or any of its affiliates, and are not issued by, insured by, guaranteed by, or obligations of the FDIC or the Federal Reserve Board. Securities involve investment risks, including possible loss of principal.

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