Markets Jumpy As Voters Wield Their Ballots & The Fed Wields Its Axe
Week Ahead Market Commentary – November 4, 2024 Spooky October Ends On A Scary Note—What’s Next? Last week, the equity and bond markets were spooked by earnings, inflation, higher interest rates, and concerns over tomorrow’s presidential election. On the last day of trading for October (a Halloween shocker!), stocks declined sharply, with the S&P 500 […]
Down To The Wire: Election Steals Spotlight, But Earnings Make Headlines
Week Ahead Market Commentary – October 28, 2024 It’s A Tight Race: What Is The Market Saying? With less than two weeks to go until the presidential election, the market has flipped from a Harris win and is now pricing in a Trump win. Current polling has been changing very quickly over the past weeks, […]
Strong Earnings Continue To Satisfy Investors, Driving Markets Higher
Week Ahead Market Commentary – October 21, 2024 Stocks March Higher Powered By Earnings We have argued that the most important factor to drive stocks prices is corporate earnings. We are early in the 3Q24 earnings season, and so far, earnings are beating expectations. Companies that are surprising to the upside are rallying, especially when […]
October May Make Scary Sounds But Consumer Not To Be Spooked
Week Ahead Market Commentary – October 14, 2024 Election Inertia & 3Q Earnings Drive Markets Over Coming Weeks We are officially in 3Q earnings season with the banks kicking off earnings and many of the large banks are surprising to the upside, breaking out the bank index. As of this writing, we are twenty-two days away from […]
Jobs Jump, Stocks Stack Up, And Here Come Earnings!
Week Ahead Market Commentary – October 7, 2024 It’s A Goldilocks Economy The September jobs report was significantly stronger than expected. This report alone simply takes the possibility of a 50-basis point rate cut by the Federal Reserve (Fed) in November off the table! But a 25-basis point cut is likely to be served up as the […]
Big Moves By Fed And China, Plus The Election, All Bode Well For Q4
Week Ahead Market Commentary – September 30, 2024 Micron & China Ignite The Markets Last week, we saw the release of a string of key economic data – including the all-important Core PCE (Personal Consumption Expenditures Price Index) – and the data is all supportive of higher equities and lower yields. But what really impacted […]