Equities came under moderate pressure on growth and trade concerns. Moreover first quarter S & P 500 earnings projections were revised lower to a 2% decline versus a 1% drop forecasted a week ago. At year end results were anticipated to rise by...
Perhaps one of the biggest elephants in the room that is not discussed is the federal deficit. In my view, the issue at hand is spending not revenues. Generally speaking, spending is increasing at a rate two times greater than revenues. Tax...
Equities fluctuated on volume about 15% lower than average. The S & P 500 broached the 200 day moving average for the first time since early December. Earnings and economic data were mixed. Speaking of earnings, analysts are now ...
Fourth quarter earnings season is at its halfway point. Of the 234 S & P 500 companies that have posted results, 71% have exceeded forecasts rising by an average of 18%. Historically 64% of firms exceed expectations. At the conclusion of the season, profits are...
The FOMC said it will be “patient” on any future interest rate moves and signaled flexibility on the path for reducing its balance sheet, a substantial pivot away from its bias just last month towards higher borrowing costs....
Apple posted results that narrowly beat the expectations set when Apple issued a rare earnings warning at the beginning of the month. However its outlook for the current quarter is regarded more disappointing than some were expecting. At the time of this writing shares are...
Two high profile earnings misses negatively impacted the indices. As noted yesterday, this week can be one of significant given that over 200 S & P companies report profits including several of the FAANGs, a Chinese trade delegation arrives in Washington, a Fed meeting, a...
The government shutdown will loom large in this week’s economic docket. Some critical data will be delayed such as fourth quarter GDP and December income and spending report which also includes the Fed’s ...
The Economic Elite, aka the Davos attendees, are issuing warnings of a considerable economic slowdown, the result of a changing monetary policy and rising economic nationalism that has gripped the global economies. These warnings coupled with the government shutdown, trade tensions and
...As widely noted many hedge funds and quantitative investors are on the sidelines because of market volatility. This pessimism has also spread to ETF investors for they have yanked about $4 billion from funds thus far this year. Bloomberg writes that this is unusual given...