It seems like forever since we started talking about recession. The yield spread between 10-year and 2-year treasuries (a.k.a. the yield curve), one of the earliest indicators of recession, first... read more →
With over 90% of companies in the S&P 500 index having already reported results, Q1 2023 earnings season is drawing to a close. Even though this was the second consecutive... read more →
More and more evidence is now pointing to the much-anticipated recession beginning to materialize over the next few months. Last Thursday, the Philadelphia Fed released its Philly Fed Manufacturing Index,... read more →
Q1 2023 earnings reporting season is officially starting next week. As usual, financials will be the first to take center stage, with none other than First Republic kicking things off... read more →
As much as Fed Chair Jerome Powell may claim that the Fed is not trying to push the economy into recession, it is becoming increasingly likely that their fight against... read more →
With 475 companies (96% of market capitalization) of the S&P 500 index having reported 4Q 2022 results, the earnings season is officially drawing to a close. As expected, 4Q 2022... read more →
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 →
