The midterms will fill the void between now and the start of earnings season, but they are not among the three things that at the moment, perhaps, are most influential in strengthening or hurting the attractiveness of stocks. We’d say those three things are the bond market, earnings, and oil Read more
On one point, the competing analysts of Wall Street agree: this is a banner year for corporate profits, with S&P 500 earnings on track to rise by roughly a third. On what comes next, they part ways. (Strategists tend to be moderate in their targets, so we wouldn’t expect anyone Read more
Nearly every economy on earth is growing, and American companies are earning far more than anyone expected in January. Analysts now see S&P 500 earnings per share rising 29% this year over last, up from about 13% when the year began. Stocks have not kept pace; the S&P 500 sits Read more
Very little has happened in markets these past few weeks that will alter the trajectory of artificial intelligence; a lot has happened regarding the financial market frenzy surrounding it. Here are three items: What is that list? It is just a sample of how when markets are very extended and Read more
We were surprised to read that Wall Street has never carried higher expectations into an earnings season than it is carrying into this one — recession rebounds aside. The bottom-up consensus (that is, analysts’ company-by-company estimates, added up) calls for S&P 500 earnings to grow 26.2% from a year ago, Read more
31225 La Baya Drive, Suite 214
Westlake Village, CA 91362
1 310 826-8600
Mon-Fri 6:30-4:30
