In 2022, investors were hyper focused on inflation and the Fed, so much so that bad news (on the economy) was often met with a positive reaction by the stock... read more →
Another theme we expect to play out in 2023, and possibly beyond, is the outperformance of value stocks over growth stocks.First, let’s get definitions out of the way. As the... read more →
The S&P 500 is currently down roughly 16% so far this year, which would make 2022 its worst calendar year since the Great Financial Crisis (GFC), and would also fall... 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 →
As we have discussed in prior communications, the Fed has been aggressively hiking interest rates in order to slow down the economy and get inflation under control, and it is... read more →
The economic data released over the last couple of months has painted a picture of an economy that is holding up fairly well, all things considered. Surveys of manufacturing and... read more →
The S&P 500 index is roughly halfway through reporting season for 2Q results, with 282 companies out of 500 having reported results so far. Last week was the busiest week... read more →
As the latest sign that the economy is slowing down, the once red-hot housing market is starting to sputter. Based on data released this morning, only 5.41 million existing homes... read more →
It seems like no one is talking about the yield curve any more. During the last week of March, when the 10-2 year treasury spread inverted very briefly, roughly 3,800... read more →
