That Was Quite a Week: A Pivotal One for the Markets
Last week was a pivotal one for markets, with the S&P 500 coming off a 3% weekly decline the week before. In terms of economic data, we got our first …
What to Watch This Earnings Season
First quarter earnings season kicks off this week with several big banks reporting this Friday, including sector bellwether JPMorgan Chase (JPM). This quarter will seem quite similar to the fourth …
IPOs as a Market Tell: What a Recent Uptick Could Mean
The initial public offering (IPO) market allows institutional investors to incorporate the macroeconomic landscape with individual corporate earnings data — and future earnings forecasts — to ascertain a share price …
Outlook for U.S. Economy Continues to Brighten
When we wrote the annual outlook last November, the data was mixed. Some metrics hinted at emerging cracks in the economy while others suggested the growth trajectory in capital markets …
Outlook 2024: A Turning Point
We are proud to share Outlook 2024: A Turning Point — recapping where markets have been over the last half of 2023 and aiding as we position through midyear 2024.
What’s Actually Different This Time?
The historic shutdown and reopening of the economy continues to torque financial markets and analyst expectations.
Q4 Earnings Preview: Pessimism May Be Overdone
Fourth quarter earnings season is underway and probably won’t bring much good news. As always, guidance matters more as market participants look forward. The key question is whether the pessimism surrounding 2023 earnings has gone too far.
Market, Stock, and Bond Lessons Learned from 2022
We believe accountability and modesty are among the keys to success in this business. In striving for those qualities, we have a tradition of starting off a new year with a lessons learned commentary.
Low Bar for Earnings Season Brings Third Quarter Expectations Down
Corporate America has a lot working against it this earnings season. This has brought expectations for third quarter earnings growth down to achievable levels.
Earnings Recap: Still Hanging In There
Earnings growth of 6-7% doesn’t sound very exciting, but given the challenges corporate America has faced, we consider the nearly-complete second quarter earnings season a resounding success.