January Macro Slide Deck
Last year began with a global synchronized recovery, historically low volatility, extreme bullishness, a ramping economy, and the potential for greater than 20% S&P 500 (SPX) operating EPS growth. We…
Read MoreLast year began with a global synchronized recovery, historically low volatility, extreme bullishness, a ramping economy, and the potential for greater than 20% S&P 500 (SPX) operating EPS growth. We…
Read MoreFollowing a week that saw the markets decline further Monday through Thursday before what we dubbed a reflex rally occurred on Friday, where the S&P rose over 3% in one…
Read MoreThe S&P 500 up 2% in the first 45 minutes, trading higher right out of the gate. The gains are accompanied by strong breadth readings. On the NYSE, volume in…
Read MoreThe nonfarm payroll report out today from the Labor Department showed that nonfarm payrolls (NFP) rose by a whopping 312k in December, blowing past estimates that were calling for a…
Read MoreAfter an ugly day on Thursday where the S&P 500 Index (SPX) dropped 2.5% and closed at the low of the day, stocks appear to be reversing course and S&P…
Read MoreU.S. Treasury 10-year note prices are moving higher and that has been pushing the 10-year yield lower. The yield on the 10-year treasury is down 6 basis points today to…
Read MoreThe monthly report from the Institute for Supply Management (ISM) showed manufacturing slowed dramatically in December.
Read MoreThe weaker than expected ISM Manufacturing report pushed stocks to the lowest level of the session. The S&P 500 Index (SPX) which had been down ~30 points, traded down an…
Read MoreThe ADP employment report ended 2018 on a high note as companies add the largest number of workers in over a year in the month of December.
Read MoreThe latest report from Investors Intelligence showed a large increase in bearish sentiment in the last week of December.
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