March Market Madness
First Quarter, 2023 March Market Madness So what’s wrong with rising interest rates? Not much if your investments are short-term maturities that you can roll over
Why Dost Thou Rally?
The Full Story: I spoke with two reporters to close out last week who seemed baffled by the market’s strength amidst the recent tumult. Highly
Breaking Banks
The Full Story: A year ago, I sat on a panel with lawyers and investment bankers in the turnaround industry. These specialists serve companies in
2023: Taking Stock
The Full Story: Pessimism continues to replenish after hotter-than-expected inflation reports accompany hotter-than-expected economic reports. After a fierce run-up from the October lows, the major
The Economy Strikes Back!
The Full Story: As expected, markets hit an air pocket after rallying strongly through the first six weeks of the year. With investor sentiment high
Fly, Markets, Fly!
The Full Story: Welcome to Superbowl weekend! The outcome of the matchup between the Philadelphia Eagles and the Kansas City Chiefs should hold great interest
Rally Hat Trick?
The Full Story: So far, 2023 has surprised investors with its buoyancy. Year to date, the S&P 500 has rallied over 6%, which sounds impressive,
Inflation Deflates while Earnings Inflate… To Date!
Last week’s cooler-than-expected wage report led to spirited stock purchases, while this week’s cooler-than-expected consumer price inflation report led to more. Unfortunately, disinflationary trends provide companies with less pricing power, lower revenues, and, therefore, earnings compression. Bearish analysts have factored the undertow of disinflation and potential recession into their gloomy earnings projections for 2023. So, while lower inflation may bring cheers among investors, lower resultant earnings would quickly flip the script. Analysts expect S&P 500 earnings to decline for the just-completed quarter. So far, with only a fraction of companies reporting, they are wrong. Should earnings grow in Q4 rather than shrink, a whiff of 2023 optimism could propel markets considerably higher… likely what’s behind its 4% advance so far.
March Market Madness
First Quarter, 2023 March Market Madness So what’s wrong with rising interest rates? Not much if your investments are short-term maturities that you can roll over
Why Dost Thou Rally?
The Full Story: I spoke with two reporters to close out last week who seemed baffled by the market’s strength amidst the recent tumult. Highly
Breaking Banks
The Full Story: A year ago, I sat on a panel with lawyers and investment bankers in the turnaround industry. These specialists serve companies in
2023: Taking Stock
The Full Story: Pessimism continues to replenish after hotter-than-expected inflation reports accompany hotter-than-expected economic reports. After a fierce run-up from the October lows, the major
The Economy Strikes Back!
The Full Story: As expected, markets hit an air pocket after rallying strongly through the first six weeks of the year. With investor sentiment high
Fly, Markets, Fly!
The Full Story: Welcome to Superbowl weekend! The outcome of the matchup between the Philadelphia Eagles and the Kansas City Chiefs should hold great interest
Rally Hat Trick?
The Full Story: So far, 2023 has surprised investors with its buoyancy. Year to date, the S&P 500 has rallied over 6%, which sounds impressive,
Inflation Deflates while Earnings Inflate… To Date!
Last week’s cooler-than-expected wage report led to spirited stock purchases, while this week’s cooler-than-expected consumer price inflation report led to more. Unfortunately, disinflationary trends provide companies with less pricing power, lower revenues, and, therefore, earnings compression. Bearish analysts have factored the undertow of disinflation and potential recession into their gloomy earnings projections for 2023. So, while lower inflation may bring cheers among investors, lower resultant earnings would quickly flip the script. Analysts expect S&P 500 earnings to decline for the just-completed quarter. So far, with only a fraction of companies reporting, they are wrong. Should earnings grow in Q4 rather than shrink, a whiff of 2023 optimism could propel markets considerably higher… likely what’s behind its 4% advance so far.
