The rarest thing of all: today we had both a total lunar eclipse (technically it was a “blood moon”) and yours truly discussing election cycles and market returns. Rare or... read more →
As of Friday, November 4th 83.5% of S&P 500 companies have reported Q3 earnings. How did the quarter go, and what have we learned? Let’s look at a few charts.... read more →
Tough to say anything other than this morning’s labor report is indicative of a continued strong labor market and a still ok economy. +260K adds to nonfarm payrolls, led by... read more →
Perhaps one way to try and digest yesterday’s Fed announcement and the subsequent Powell press conference is to quote President Harry Truman. When speaking about his own economic advisors, Truman... read more →
The good news is that October 2022 just registered the best monthly returns for the DJIA since 1976. The DJIA returned +13.95% for October 2022, besting both the SP500 (+8%... read more →
Today is Halloween, and so far it’s been a very spooky year for investors. Inflation, rate hikes, geopolitical conflict and recession fears have all been stirred up in a witches’... read more →
The market has done a reasonably good job this week shaking off some big, large cap tech earnings misses. Weak ad trends at GOOG and MSFT and then last night’s... read more →
Inter-market relationships have been much more important for stocks than in past years. I have been highlighting in meetings, and most recently in the quarterly investment call, that the US... read more →
Despite overwhelmingly bearish investor sentiment (or perhaps because of it), the S&P 500 index managed to rally 4.75% last week (and tacked on another 1.19% yesterday). What is perhaps even... read more →
Roughly 20% of companies in the S&P 500 index have reported Q3 results as of this morning. So far, the financial sector has taken center stage, with all the big... read more →