Two “Data” items today: #1: In their weekly Earnings Insight report, FactSet noted that the aggregate S&P 500 12-month price target based on Wall Street analysts’ single-stock price goals is 5,225, 11 percent higher than Friday’s...
We remain cautious on US large cap stocks over the very near term (1-2 weeks) even with the recent snapback rally from the December 1st lows. To be clear, we’re not bearish. It’s just that markets have their own cadence and respecting that...
A loyal reader pinged us after last night’s Disruption section, where we outlined Ben Evans’ 2021 year-end lookahead presentation (link below). “Technology”, he very rightly pointed out, is a term we can apply to any innovation that...
With the S&P 500 up a solid 25 percent year-to-date, it will almost certainly deliver a third consecutive year of double-digit returns (2019: +31 pct, 2020: +18 pct). That would mark only the 10th time the index has done so over the past...
Three “Data” items today: #1: Google search volumes related to the pandemic, both in the US and around the world. The number of online searches has varied considerably over the last 2 years as the illness has ebbed and flowed. We associate...
Three “Data” items today: #1: Wall Street analysts are starting to reduce their Q4 2021 S&P 500 corporate earnings estimates: On November 12th, the Street was at $51.00/share for Q4 S&P earnings. On November 19th, that estimate rose to...
