Last Week: Earnings season produced no surprises with 9% of the S&P 500 companies having reported results which were consistent with forecasts for a 44% decline in profits for the quarter. If -44.0% is the actual decline for the quarter, it will mark the largest...
Last Week: The good news of corporate earnings for the fourth quarter of 2019 exceeding forecasts was overshadowed by concerns over the impact of the coronavirus on future earnings. Estimates of first quarter earnings growth have been slashed approximately in half so...
Last Week: What a difference a month makes. December was one of the worst months for the stock market in history, with December 24, 2018 the worst Christmas Eve on record. Flip the calendar forward, and 2019 kicked off with the best January performance in 30 years....
Last Week: At the end of August, we noted a disconnect between the news flow and the markets performance: “The often-cited adage is that the stock market climbs the wall of worry. I would suggest that the current market is instead climbing the wall of “whatever”,...
Last Week: A bagful of earnings, economic data, and tweets, left investors to digest whether these were tricks or treats. By Friday’s close the verdict was primarily treats, as the S&P 500 snapped its losing streak to finish +2.42%. Nevertheless, there were a few...
Last Week: Stocks hit new highs, with the S&P 500 gaining 0.86% to finally close above its January 26th top, while small stocks fared even better, as the Russell 2000 surged 1.93%. The often-cited adage is that the stock market climbs the wall of worry. I would...
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