Tactical pullback and EPS update
In our note last week, Time for a pullback, we outlined the recent new highs and overbought conditions in the market that suggested to us that a minor correction…
Read MoreIn our note last week, Time for a pullback, we outlined the recent new highs and overbought conditions in the market that suggested to us that a minor correction…
Read MoreThe Chicago Fed National Activity Index, which tracks the rate of economic expansion, June numbers came in today at -0.02, below the consensus estimate of 0.10, but above last…
Read MoreAfter a week where the S&P 500 finished down -1.36%, futures are now up by +0.3%. Last week had an array of Fed commentary that suggested a 25 basis…
Read MoreTwo reports out this morning showed a mixed view on economic conditions.
Read MoreData out this morning from the Commerce Department signaled strength in the housing market is cooling.
Read MoreThe S&P 500 (SPX) is up 20% for the year and 6% for the current quarter, which we believe discounts the likely July Fed rate cut and a less-negative…
Read MoreRetail sales data beat estimates across the board and showed spending remained healthy in June.
Read MoreFollowing a week of record highs on the major equity indices, the headline focus has now shifted from Powell to Q2 earnings. As always, we must continue to keep…
Read MoreAfter a dismal report in June, the Federal Reserve Bank of NY reported the Empire State Manufacturing Index rebounded this month.
Read MoreA replay of yesterday’s conference call is now available for Gold level subscribers.
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