Category: Corporate Earnings
MSM Doom and Gloom
Doom and gloom fails to materialize once again after the facts overwhelm the narrative popularized by the MSM. Earnings didn’t go bust, foreign investment remains robust and the hard factual economic data continues to perform reasonably well.
The Sky Didn’t Fall
Despite the MSM doom and gloomers. The sky didn’t fall, and once again the mainstream media narrative proved to be just more misinformation. The major averages completed another solid week. The S&P 500 advanced 5.27%, the NASDAQ jumped 7.15% while the DOW gained 3.41%.
A Positive Return
The major averages finished the week down fractionally. While the major averages remain in the red YTD. They have recovered all of their post Liberation Day losses. The question remains can the markets recover their YTD losses and generate a positive return this year? It usually boils down to earnings.
Another Huge Week
Another huge week for the major averages as the soft data continues to scream recession. While the hard or factual data and the incoming earnings data has another huge week. Since Monday the S&P 500 gained 162 points, the NASDAQ is up 595 points while the DOW jumped 1,204 points.
Extreme Markets
Extreme markets produce extreme data points. As the total spread between highest and lowest forecast for the S&P, shown in the chart below shows. Since Bloomberg started collecting the data in 2000, the gap has never been so extreme this late in the year.
But Wait, There’s More!
There’s more, S&P 500 earnings estimates are picking up and exceed 10%. Despite continued recession stories from the MSM who continue to push the inflation narrative. Neither is supported by the incoming data. MSM true to form, never let the facts get in the way of a good narrative.
Liberation Day
The Capital Markets drifted into Friday, posting large declines. Finishing the week in the red. Before Liberation Day. Erasing much of post correction gains. Since Monday the S&P 500 is down 87 points or 1.54%, the NASDAQ lost 461 points or 2.59% while the DOW slipped 401 points or .96%.
Tariff-Tantrum Wreaks The Markets
As a 3rd consecutive losing week sends the major averages into correction territory. Since Monday the S&P 500 lost 184 points or 3.1%, the NASDAQ fell 651 points or 3.45% while the DOW gave up 1.039 points or 2.37%. A truly bruising tariff tantrum inspired performance.
The Winds Of Change
The first week of Trump 2.0 has sent the winds of change blowing across the land. Pleasing some and enraging others. While change is not always welcome it is a necessary part of life. Let’s all hope it works out well for the republic and its citizenry.
Is The Sun Setting On America?
Is the sun setting on America? After last week’s bruising. The major averages roared back this week finishing with solid gains. Led by the DOW up 1,550 points or 3.7%, the S&P 500 gained 170 points or 2.92% while the NASDAQ increased 478 points or 2.5%.