How did COVID-19 impact Q2 results and guidance?
The Nasdaq composite rallied 4% last week, and as we have discussed in recent notes, the S&P 500 and Dow industrials underperformed on a relative basis for three months. The […]
Financials
Q4 Earnings Focus on Financials
On Tuesday of last week, the international trade data for November was released and it was encouraging. As you likely remember, October’s initial reading was a better than expected $-47.2 […]
Asian equity markets trade higher on Monday
US markets were closed for Presidents Day. From the standpoint of the economic calendar this week, Thursday should provide the lion’s share of the economic data investors are most eager to […]
US equity markets remain vulnerable
In a perverse turn of events last week, large-cap banks reported Q1 results on Friday morning and largely beat consensus expectations for EPS and revenue growth, but fell victim to […]
Reuters Business Insider with Fred Katayama
GDP keeps Fed timetable on track on rates and balance sheet. Click Reuters TV (4:28) Follow: @freddiethekat
Yahoo Finance The Final Round
Stocks fight for gains, banks lead the way ~ The Dow and S&P (^DJI, ^GSPC) claw back lost ground, nearly erasing last Wednesday’s losses. With the bulls back in charge, […]
Markets Blink
As expected last week, the FOMC raised the fed funds rate by 25 bps on Wednesday and US equity markets posted a largely flat weekly performance. If not for an […]
Valuations are Stretched – What Needs to Happen?
As of last Friday’s close, the Dow Industrials brandish a P/E of 18.77, the S&P 500 is more expensive at 20.97 and the Nasdaq’s P/E is 33.18. In all three […]
Global equity markets flatten as volume slips into year end
As has been evidenced by the last seven days of trading, investors have stepped off the accelerator heading into year end. From the 15th of December though the close of […]
TRADER EXTRA The Gravity of Bank Stocks
Published on Barrons.com – December 10, 2016 By Ben Levisohn Without something new to propel the stocks higher, banks remain at risk of a sharp pullback. The last time we […]