Newsclips
Q3 Earnings Update: Quarterly Earnings Growth Unexpectedly Jumps
October 30, 2023
We are now into Q3 2023 earnings season. S&P 500 operating earnings, initially expected to decline, have jumped into positive growth territory.
We are now into Q3 2023 earnings season. S&P 500 operating earnings, initially expected to decline, have jumped into positive growth territory.
Today's topics include Timiraos hints Fed may be done hiking, buying the TLT dip, why homeowners aren't selling, stocks enter correction territory, Barron's cover warning: bond edition, EM companies at risk from higher rates, a secular shift in consumer behavior, buying bonds, longer duration Treasury issuance coming, credit market concerns, US consumer spending strength baffles economists, and why has Bitcoin rallied?
Today's topics include checking in on the odds of further hikes, Treasury Secretary Yellen says don't blame deficit, more on yesterday's GDP release, playing the duration game, a tough earnings season for the magnificent seven, the growth of the upper middle class, housing's supply problem, and earnings misses becoming more costly.
Although stock valuations have come down over the past couple years, they remain high by historical standards. Expectations on future long-run stock returns must be tempered.
Only 5% of small business owners believe it is a good time to expand their business. A tight labor market is one of the main reasons for their pessimism.
Tracking the tightness of monetary policy is essential as the Fed hopes to hold rates steady and bring inflation back down to its 2% target.
S&P 500 valuation levels would be okay for a growing economy, but elevated levels are troublesome when heading into slower economic growth.
The IMF projects China's share of global GDP will plateau over the next several years. Also, Germany is set to overtake Japan as the third largest economy in the world.
Retirement assets grew again in Q2. The total amount of assets in retirement accounts has ballooned in the past 15 years.
A long-term look at the dollar-pound exchange rate