S&P 5850 has been the most important “line in the sand” for stocks since the pullback from the 6000 level…
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Stock Market Panic: Why Strong Jobs and Inflation Signal Trouble Ahead
December non-farm payrolls data came in much hotter than expected. More jobs were added, the unemployment rate dipped slightly, and…
Continue ReadingGoldman on Employment Report and FOMC
A few excerpts from a Goldman Sachs research note: Nonfarm payrolls rose 256k in December, well above consensus expectations. ……
Continue ReadingThe Best Five Sectors, #2
The composition of the top five sectors remains unchanged this week, despite an interrupted trading week. This stability comes against…
Continue ReadingQ4 GDP Tracking: 1.8% to 2.7% Range
From BofA: Since our last weekly publication, our 4Q GDP tracking estimate has moved down three tenths to 1.8% q/q…
Continue ReadingS&P 500 Earnings 2024 Q3: Still Overvalued
S&P 500 earnings are in for 2024 Q3, and here is our valuation analysis. The following chart shows the normal…
Continue ReadingDecember Employment Report: 256 thousand Jobs, 4.1% Unemployment Rate
From the BLS: Employment Situation Total nonfarm payroll employment increased by 256,000 in December, and the unemployment rate changed little…
Continue ReadingThe Compound and Friends: Dark Matter
Today’s Compound and Friends is brought to you by VanEck See here for more information on VanEcks Uranium and Nuclear…
Continue ReadingBoston Scientific’s Record Surge: Here’s How I Found It
The market sometimes struggles to find direction, as it digests mixed yet impactful economic data. Wednesday was one of those…
Continue ReadingStocks Are More Expensive Than They Used to Be
I used to write a lot about the CAPE ratio. It was a big topic of debate for a few…
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