Earnings
Q2 2023 Earnings Update: Where We Are Before Big Tech’s Big Week
July 24, 2023
Q2 2023 earnings reports have started to come in. S&P 500 operating earnings are expected to decline in 2023, with a rebound later in the year and into 2024.
Q2 2023 earnings reports have started to come in. S&P 500 operating earnings are expected to decline in 2023, with a rebound later in the year and into 2024.
Today's topics include wages could determine likelihood of soft landing, Sheila Bair advocates tweaking interest on reserves, prime-age workers, housing's role in inflation, quantifying inflation concerns, time to speed up QT?, interpreting the yield curve inversion, junk debt downgrades, and the threats of CBDCs
2022 returns left investors shielding their eyes from their portfolios. 2023 has been a different story as eye popping equity market returns drive the narrative.
The banking crisis in March 2023 created a unique scenario where the Fed was both tightening and loosening policy at the same time by raising rates and injecting liquidity. Since then, easing financial conditions have promoted a strong environment for financial assets.
The median price of a house is the most basic measure of the housing market. The median sale price per square foot (red) was $226 in June, down from its May 2022 peak of $232.
How big is Tesla versus other automakers?
The majority of the world is reliant on non-renewable sources of energy to generate the electricity that powers our homes, factories, and utilities. Access to cheap forms of energy is necessary to produce the goods that power the global economy.
As the Federal Reserve hiked 500 basis points in the past 18 months, many expected a tight labor market to begin to slow along with the economy. Using traditional measures, neither of these things are occurring.
A long-term look at the S&P 500's real earnings yield
Some interesting charts from our recent posts
Today's topics include looking ahead 10 years, gauging the odds of recession, housing will play a big role in determining a recession, the role of collateral & potential for more bank shocks, strategists' wide-ranging S&P price targets, growing private markets, pay attention to what a survey asks, an eye on Nasdaq's rebalancing during options expiration, FedNow payment system goes live, and risk-adjusted crypto returns