Per UBS, the SPY’s forward P/E ratio is 18.9x. Profit forecasts for 2024 have slowly come down since Labor Day. So, any con...
JPM captures the current sentiment I sense with: "S&P500 is 4607 (Just 2.5% from current levels) and the All-time high wa...
That’s what Biden called Xi. While it’s true, sometimes you don’t have to pick a fight at Thanksgiving in person. So,...
US retail sales slowed in Oct, with prior months revised higher, net-net being stronger than expected going into the holiday ...
To the races, as only equity markets can do with an inflation reading that is better than expected. Inflation was flat in Oct ...
Yep, Moody’s is back with its downgrade of US credit (down to negative from stable), with the government facing another sh...
I’ve got the Demi Lovato song in my head, with Fed Chair Powell warning that the Fed is not confident that it’s actions to...
The market will probably like this morning’s reported rise in US continuing jobless claims, which rose for the 7th straight week. It’s the highest since mid-Apr. If the economy and labor are cooling, there will be a lower chance of the Fed raising rates again, goes the thinking. But <...
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Those pesky ole energy prices can certainly get in the way of central bank plans to bring inflation down. Per the FT, they h...
Musk is looking for a volunteer for his brain surgery co Neuralink, which means someone willing to get a chunk of their skull ...
The firm is buying IG corporate bond debt, in the 4-7 yr horizon. Specifically, debt from globally systemic banks increasing th...
Oct payrolls increased by 150k—with 180k expected. Unemployment rose to 3.9%, versus an expected 2.8%. Ready for the Treasury r...
The Treasury Department's assistant secretary for financial markets Josh Frost released a report on Wed detailing the gov’s p...
We don’t expect the Fed to hike today, as they have the luxury of receiving 2 more Jobs Reports plus CPI data before the Dec dec...
The title says it all. Now come the fixers…strategists are cutting their year-end S&P 500 targets due to geopolitical risks,...
The US market is up this morning, as investors gauge the future ramifications of the ground invasion in Gaza. Oil is still hig...
Seems like you probably are. The US economy grew at its fastest quarterly pace since 2021, the core PCE price index accelerated ...
With US GDP growing a better-than-expected +4.9% y/y in 3Q23 due to consumer spending, the market digests its interest rate o...