Two “Data” topics today: Issue #1: An update on S&P 500 corporate earnings reports and expectations. (Data courtesy of FactSet, link to full report below.) First, here is an update on how Q4 earnings season is progressing, with 72...
Two points about today’s dreadful market action: #1: The hotter-than-expected CPI report (headline +7.5 percent) caused a major rethink in the Fed Funds Futures market about the likeliest path of rate policy this year: The odds of a 50 basis point...
Published 2/10/22 Two “Data” topics today: #1: An update on what Fed Funds Futures are predicting for 2022 rate policy. Three points on this: First, the odds of a 50 basis point liftoff hike at the March meeting remain well in the range of...
Two “Data” items today: Topic #1: S&P 500 earnings growth when the Federal Reserve is raising interest rates. In last night’s report we noted that the crux of the positive case for US stocks is strong corporate earnings. But can...
Three “Data” items today: Topic #1: European sovereign debt is having a bit of a “Taper Tantrum”. The European Central Bank is treading a similar path to the US Federal Reserve, if at a somewhat slower pace. Last Thursday, President...
Excerpt from CNBC quoting DataTrek co-founder Nick Colas: …. “History says the Fed leaves 50 basis point moves (or greater) for the middle to end of a tightening cycle, but remember that Chair Powell has explicitly said the current...
