EPS Growth Is 28.61% For The First 87 Firms In The S&P 500
Trump Vs. Powell Drama Ends Peacefully On Friday, we got more clarification about President Trump’s statement on monetary policy in his interview on CNBC. Firstly, the President isn’t happy with the Fed’s plan to raise rates 2 more times this year. According to the Fed fund futures, there is a 62.3% chance of at least…
Microsoft Rallies On Great Q2 Earnings
Stocks Pull Back On Thursday Amid this strong earnings season, the stock market had a rare decline on Thursday as the S&P 500 fell 0.4% and the Nasdaq fell 0.37%. The Nasdaq will likely increase on Friday because of Microsoft’s great earnings report which I will review later in this article. The Russell 2000 was…
What Trump’s Criticism Of Powell’s Rate Hikes Means For Monetary Policy
President Trump Doesn’t Like Powell’s Rate Hikes President Trump has made his opinions on monetary policy known more than other recent presidents. During the campaign, he criticized low rates for artificially propping up the economy. He selected Powell as Fed chair and appointed other FOMC members, so some are calling this a "Trump Fed". However,…
The S&P 500 Is Just 2% From Its Record
Stocks Inch Closer To A New Record The S&P 500 was up 0.22% to 2,815.62 on Wednesday. Each point the S&P 500 increases is technically important because it is so close to a new record high. Just because I think it will breakout because earnings growth is strong and other indexes such as the Russell…
Morgan Stanley Bolsters The Financials
Legal Costs & Trading Dog Goldman Sachs I like to review the notable earnings reports to get a closer look at the overall numbers. Earnings season looks great. Specific data from a few companies helps us understand the direction of corporate earnings. The two earnings reports I’ll discuss here are Goldman Sachs, which reported Tuesday,…
12 Times More Firms Complain About Currencies Than Tariffs
Stocks Get Closer To The January Record The S&P 500 increased 0.4% on Tuesday, which means it only needs to rally 2.2% to hit the record high set in January. The S&P 500 is in great shape technically to finally break the record high because it is within striking distance, but it isn’t overbought. The…
Earnings Season Is Going Well
Big Tech Earnings Are Upcoming The next most important round of earnings results I will be following is from the major internet names which are Amazon, Apple, Alphabet, Microsoft, and Facebook. Microsoft reports on Thursday, Apple reports on July 31st, and the others report next week. They will impact the Nasdaq more than Netflix did…
Bank Of America Rallies & Netflix Crashes
Earnings & Oil Moving Markets The stock market was placid on Monday, but there was a lot going on under the surface because of two big earnings reports from Bank of America and Netflix, and the crash in oil prices. The S&P 500 was down 0.1% and the Russell 2000 was down 0.51%. The Dow…
Yield Curve Buzz Grows As 2018 Inversion Looks Probable
Yield Curve Has A Decent International Track Record Investors buying stocks today are looking at 2019 earnings estimates to gauge their expected returns as they want to be on the bleeding edge of data to make the best decisions. However, given the anticipated recession in 2020, that the yield curve might be forecasting when it…
Banks Fall As Investors Fear A Flattening Curve
Stocks Rally Modestly The stock market rallied slightly on Friday as the S&P 500 was up 0.11% inching closer to the record high set in January. The Dow outperformed the Russell 2000 as the trade war fears faded. The Dow was up 0.38% and the Russell 2000 was down 0.19%. The Dow was helped by…