Newsclips
Q1 2023 Earnings Update: Closing Out a Positive Earnings Season
May 15, 2023
Q1 2023 earnings season is nearing its end. The typical bounce has unfolded with 78% of companies beating expectations.
Q1 2023 earnings season is nearing its end. The typical bounce has unfolded with 78% of companies beating expectations.
Today's topics include a note on the rise in initial claims, in search of the real x-date, will inflation return to 2%?, stock skepticism, some city metrics back to pre-pandemic norms, bank stocks, comparing tighter lending standards to high yield spreads, and arguments against a short selling ban
There are still questions about the real x-date. Is it around June 1 or is it around late July?
Today's topics include updating the banking crisis, rising rates pose potential problems for insurance companies, inflation expectations reach 12-year high, Michelle Bowman not on board with rate pause, mixed signals on the debt ceiling negotiations, the budget deficit, and the bear market rally
Individuals and foreigners are chasing higher Treasury bill yields and buying record amounts. It confirms the trend of a "bank walk" out of low-yielding checking accounts.
The Fed has signaled they may be done hiking rates. What do market-based measures suggest?
The Fed's Q1 Senior Loan Officer Opinion Survey paints a picture of a banking industry that is seeing lower demand for loans, tightening lending standards, and increasing spreads on loans.
As inflation remains at elevated levels, the correlation between stock and bond returns is a telling sign on investors' thinking.
How big are the Fed's holdings of bonds, notes, bills, TIPS, MBS, agencies, and FRNs in relation the outstanding market?
There continues to be several uncertainties surrounding the global economy, especially after the banking crisis. Markets remain fairly valued for strong economic times, but valuations don't seem to account for potential disruptions ahead.