Negative EPS revisions mythbuster
Myth: The market multiple cannot expand as outyear estimates move down.
Read MoreMacro Analysis & Slide Decks
Tony is best known for the practical application of macro data. He will use his 30 years of experience to evaluate what data matters and how you can apply it to your investment process.
July Macro Slide Deck
Our core fundamental thesis driven by credit remains constructive, the Fed is likely to cut rates at the end of the month and again toward year end, the various…
Read MoreSmall business confidence declined after four months of gains
The National Federation of Independent Businesses (NFIB) released their small business optimism index this morning and it showed businesses were a little less optimistic last month.
Read More07/08/19 Economic Week Ahead
It is going to be a big week for Bonds with data and Fed speak, following the sharp reversal in US Treasury yields last Friday. According to Bloomberg, odds…
Read MoreBetter than expected payrolls report
After a very weak jobs report in May, the June report had a nice surprise to the upside.
Read MoreADP National Employment Report: Slowdown in Job Growth
The ADP National Employment report was released today. Total U.S. Nonfarm Private Employment increased by 102,000 jobs from May to June. Small business nonfarm private employment dropped by 23,000…
Read MoreNew High and Slowing Global Growth
While the S&P 500 (SPX) closed up 0.77%, to a new all-time high, we continue to see data that points to a slowing of global growth.
Read MoreISM data showed manufacturing continued to slow in June
The Institute for Supply Management (ISM) report was better than expected but showed continued slowing in June.
Read More07/01/19 Economic Week Ahead
The S&P 500 (SPX) saw a 0.29% loss over the past five days. After a relatively headline-free week, President Trump and President Xi of China came to an agreement…
Read More3.1% GDP growth in the first quarter
The final print for first quarter Gross Domestic Product (GDP) was released this morning and showed the economy expanded at a healthy 3.1% pace.
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