Two “Data” items today: Topic #1: US corporate earnings, with just over half (56 percent) of S&P 500 companies having reported Q4 2021 results. Three points here, using FactSet’s latest data (link below): First, here is the latest...
Three thoughts about Facebook/Meta’s dramatic 26 percent drop today: #1: Scouring our memory for analogous surprising declines in market-leading stocks, we recalled “Marlboro Friday”. Back in 1993, Philip Morris was a premier US large cap...
Today’s Data section is a bit more of a “Story Time”, but the subject – inflation and US central bank policy – is still very much a numbers-based analysis. We want to begin with a Paul Volcker (Fed Chair from 1979 to 1987) quote from an...
Fed Funds Futures have grown more aggressive in discounting +5 rate hikes this year and the Job Openings and Labor Turnover Survey (JOLTS) out today helps explain why. The difference between job openings versus unemployed workers continues to...
