December 1, 2021
Market Performance (November) Source: YCharts Disclaimer: Past performance is no guarantee of future performance The Good News GDP expectations continue to go up JPMorgan revised up their fourth-quarter GDP tracking estimate to an annualized 7% from 5% following today’s data. Morgan Stanley economists took their running forecast up to 8.7% from 3%. https://t.co/fZfZqc9hYK — Lisa... Read More →
November 10, 2021
Market Performance (YTD) Source: YCharts Disclaimer: Past performance is no guarantee of future performance The Good News Jobs report beat expectations Jobs report was spicy (but in a good way, like Sriracha) ▫️ 531K new jobs vs. 420K expected ▫️ Unemployment rate: 4.6%, down from a pandemic high of 14.8%. — Morning Brew ☕️ (@MorningBrew)... Read More →
November 3, 2021
Market Performance (Month of October) Source: YCharts Disclaimer: Past performance is no guarantee of future performance The Good News Earnings continue to beat estimates And profit margins are hanging in there for now Employment costs are going up per surge in employment cost index (blue); yet, market’s profit margins (orange) have not been hit by... Read More →
October 27, 2021
Market Performance (Prior Week) Source: YCharts Disclaimer: Past performance is no guarantee of future performance The Good News Earnings continue to be impressive 84% of $SPX companies have beaten EPS estimates to date for Q3, which is tied for the 3rd highest percentage since 2008. #Factset — Stephanie Link (@Stephanie_Link) October 23, 2021 Earnings, in... Read More →
October 20, 2021
Market Performance (YTD) Source: YCharts Disclaimer: Past performance is no guarantee of future performance The Good News Earnings are so far, so good The Bad News Earnings revisions are continuing to fall Upward earnings revisions have faded … overall index tracked by @Citi now in negative territory for first time since May 2020@Bloomberg pic.twitter.com/GTiV8KypBR —... Read More →
October 13, 2021
Market Performance For The Prior Week Source: YCharts Disclaimer: Past performance is no guarantee of future performance The Good News Shipping costs are getting better Shipping costs are finally dropping. https://t.co/Da5uRl7Miz pic.twitter.com/6ajS2mVlea — Lisa Abramowicz (@lisaabramowicz1) October 7, 2021 And people are still financially healthy enough to quit record high quit rate pic.twitter.com/WnzBqFaOvx — Sam... Read More →
Market Commentary
Q3 2021
Path to Normalization Our post-pandemic path to normalization has proven challenging on numerous levels, but we are optimistic the coming year will see the world back on a sustainable growth track. In the US, the percentage of the population that has been vaccinated plus those who have natural immunity is now over 80% according to... Read More →
September 28, 2021
Market Performance For The Prior Week Source: YCharts Disclaimer: Past performance is no guarantee of future performance The Good News Economic surprise index creeping back up And the leading economic index continues to be a positive signal And earnings remain strong The average investor is always shocked to hear just how much more profitable the... Read More →
September 21, 2021
Market Performance For The Prior Week Source: YCharts Disclaimer: Past performance is no guarantee of future performance The Good News People are continuing to spend BofA: signs that the Delta-lull is passing and a mini-reopening cycle is starting pic.twitter.com/NOQF69scma — Mike Zaccardi, CFA, CMT (@MikeZaccardi) September 16, 2021 And there’s some hope we’ll start seeing... Read More →
September 14, 2021
Market Performance For The Prior Week Source: YCharts Disclaimer: Past performance is no guarantee of future performance The Good News Inflation finally didn’t come in higher than expectations BREAKING! US headline #inflation equaled 5.3% in August, matching expectations. Core #CPI, however, fell to 4.0%, 0.2% below expectations! pic.twitter.com/kk55b5kWkT — jeroen blokland (@jsblokland) September 14, 2021... Read More →