January 27th, 2023 Stocks rebounded sharply this week even as earnings season continued to be lackluster. In what has truly become a “bad news is good news” mindset, markets rallied on hopes that the weakening trend in earnings, layoffs, and data will encourage the Fed to pivot to a more accommodative posture when they meet…
Read More
February 20th, 2023 Falling bank profits, slowing tech growth, and mounting layoffs combined to deliver a weekly loss to investors. Coming into the year, Q4 2022’s earnings season was anticipated to be a rough one. Overall earnings for the S&P 500 were expected to decline -2.80%. Excluding the energy sector, the picture was even bleaker with…
Read More
January 6th, 2023 Bulls closed the first trading week of 2023 on a high note, pushing the Dow Jones Industrial Average up 700+ points on Friday. Lighter wage gains in the December nonfarm payrolls report and an unexpected contraction in the services sector helped spur investors off the sidelines on hopes slowing economic growth will…
Read More