Weekly Insights

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

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,

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.

The Full Story: 2022: The Fed vs. Investors 2022, adieu. You provided us with many wins and losses but mostly for investors, losses. Unfortunately, this

The Full Story: On Wednesday, the Federal Reserve raised the benchmark interest rate by .50%. This fell in line with market expectations as Powell widely

The Full Story: The market’s obsession with the inflation rate this year will migrate to the unemployment rate next year. The Fed has pulled the

The Full Story: Markets rallied strongly this week on a weakening in Fed rhetoric. To this point, Chairman Powell has taken every open mic opportunity

The Full Story: Markets have rallied strongly off their October lows. The inflation “pivot” from hot surprises to cool surprises in the recently released consumer