With over 90% of companies in the S&P 500 index having already reported results, the numbers for Q3 earnings season are effectively in. Here are the main takeaways: Results were stronger than expected.On September 30th, before reporting kicked off, Q3 earnings were expected to decline by -0.3% compared to the... read more →
Nov
10
Nov
09
It has been a great two weeks for the S&P 500. The market closed higher in each of the last 8 sessions, which lifted the index back above key support at 4150/4200, and back above the 50 day and 200 day moving averages. This move higher produced some short term... read more →
Nov
02
We are entering the final stretch of Q3 earnings reporting season. As of yesterday, 310 companies representing roughly 66% of the market capitalization of the S&P 500 index have already reported results. Another 121 companies are scheduled to report before the end of next week, at which point the season... read more →
Oct
20
The Federal Reserve controls the front end of the US Treasury (UST) yield curve. The market controls the long end, and the market over the last few months has been worried about supply demand imbalances; rightfully so. My Apologies, you are about to see a lot of charts.The demand side... read more →
Oct
11
Q3 earnings season is about to rev up with the big US banks reporting on Friday and major Tech companies later this month. Over the past three quarters, S&P 500 earnings have contracted on a YOY basis, and current expectations for the overall index are for another marginal decline of... read more →