Tag: Earnings
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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.
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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.
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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%.
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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.
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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.
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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%.
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Irrational Exuberance and the Equity Risk Premium
With the irrational exuberance of the post-election market euphoria wearing off. The major averages recorded a rough first full week to start the year. The DOW lost 763 points or 1.79%, the NASDAQ fell 434 points or 2.22% while the S&P 500 gave up 112 points or 1.89%.
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Political Infighting, Can’t We All Just Get Along?
Markets spooked by the political infighting went sharply lower as the week progressed. Finishing with notable losses.
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Inflation Next Year
With incoming president Trump’s inauguration drawing closer the rhetoric surrounding the use of trade tariffs is heating up. A lot of discussion has focused on their inflationary impact. With some pundits predicting a nearly 1% increase in inflation next year. As with most things in this world the devil is in the details. With the…
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The Market Giveth
The market taketh away. For the week the Dow lost 544 points or 1.24%, the NASDAQ fell 607 points or 3.15% while the S&P 500 lost 125 points or 2.08%. In the post-election period, the market giveth to cryptos with Bitcoin posting solid gains. The market taketh away from gold as it is considerably off…