Last Week: As we approach half-time of earnings season, the usual pattern of companies reporting results that are above estimates is unfolding. Those positive “surprises” are responsible for the decrease in the expected overall earnings decline to -2.6% from -3.4%...
- Archive posts -
Month: July 2019
Rally Pauses with a Whiff of Fear
Last Week: The news flow created slightly more fear than greed, as Fed officials talked down the likelihood of a 50-basis point rate cut and President Trump on Tuesday reiterated his threat to impose further tariffs on Chinese imports. Earnings season got off to a...
FOMOTINA Rally
Last Week: FOMOTINA: A rally fueled by the combination of Fear Of Missing Out with There Is No Alternative. Another week of gains for the S&P 500, which advanced 0.78% to top 3000 and close at a record high. The narrative (song) remained the same, as Fed Chairman...
G20 Relief Party with Fireworks
Last Week: The G20 Relief Party lasted through the Independence Day Holiday, with the market advancing for six straight days to reach a new record high on Wednesday. The very light volume suggested that many traders headed to their beach houses early in the week, and...
Hey June, You Took a Sad Song and Made it Better
Last Week: The twin narrative of a dovish Fed and optimism surrounding a potential trade deal at the G20 spilled over into small cap stocks (hallelujah!) as the Russell 2000 jumped 1.09%. The S&P 500 slipped modestly for the week, but posted its best June since...
Sign up to receive a weekly email with Kuby’s Commentary.
Error: Contact form not found.