Tag Archives: earnings

  • Last Week’s Markets in Review: Rate Cut Expectations Shift

    Happy belated Father's Day to all! Last week, the Federal Reserve's updated Dot Plot chart showed that they took away two potential 25 Bp interest rate cuts in 2024 and added one each to 2025 and 2026, respectively, despite raising their inflation forecast for 2024 again - this time to 2.8%. Hence, they are still projecting 225 Bp in rate cuts by the end of 2026 ... Read More

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  • Last Week’s Markets in Review: Will Recent Jobs Data Influence the Fed?

    The economic news flow during the first week of June was focused on the current state of the employment market. Throughout the week, market participants reviewed and analyzed the Job Openings and Labor Turnover Survey (JOLTS) for April, Weekly Jobless Claims, and the Employment Situation report for May. We continue to follow the domestic employment environment as a key determinant of performance for the overall economy, remembering that consumers account for approximately 70% of economic activity ... Read More

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  • Last Week’s Markets in Review: Europe Likely to Cut Interest Rates Before U.S.

    Eurozone inflation accelerated in May due to a rise in service prices, but this rise isn't expected to deter the European Central Bank (ECB) from cutting interest rates next week as planned. For the month, inflation rose to 2.6% from 2.4%, slightly exceeding economists' expectations. The ECB is confident that inflation will stabilize around their 2% target by mid-next year, supported by falling energy and food prices. However, policymakers are wary of sustained wage increases leading to higher service costs and inflation ... Read More

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  • Last Week’s Markets in Review: Fed Minutes Cause Market Volatility

    Equity markets experienced a fair amount of volatility in the week leading up to Memorial Day. This volatility was primarily caused by the release of the minutes from the Federal Reserve's April 30 – May 1 policy meeting and numerous comments from a wide range of Federal Reserve voting members.These minutes were released last Wednesday and indicated a good deal of apprehension from policymakers about when the appropriate time would be to start cutting interest rates ... Read More

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  • Last Week’s Markets in Review: Stocks Hit Record Highs as U.S. Inflation Eases

    Market participants and the Federal Reserve were delighted to see that U.S. inflation eased slightly in April. The consumer-price index (CPI) rose 3.4% from a year ago, while core prices, excluding food and energy, increased by 3.6%, representing the smallest rise since April 2021. The report met expectations from economists and followed three months of higher-than-anticipated inflation readings ... Read More

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  • Last Week’s Markets in Review: Strong Earnings vs. Declining Consumer Sentiment

    For all the mothers who are either customers or readers of this Update, we hope that Mother’s Day was an enjoyable day spent with family.As of the end of last week data sourced from FactSet shows that corporate earnings are trending positively in 10 of the 11 industry sectors that make up the S&P 500. For Q1 2024 (with 92% of S&P 500 companies reporting actual results), 78% of S&P 500 companies have reported a positive EPS surprise and 59% have reported a positive revenue surprise ... Read More

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  • Last Week’s Markets in Review: Rates Unchanged, Unemployment Rises

    Fed Chair Jerome Powell recognized recent setbacks in its fight against inflation but signaled a preference for maintaining current interest rates for an extended period rather than considering further increases. At their Wednesday meeting, officials opted to keep the benchmark federal-funds rate steady at a range between 5.25% and 5.5%, the highest in two decades ... Read More

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  • Last Week’s Markets in Review: Economic Growth Slows in the First Quarter

    Markets experienced a fairly volatile week as both equities and bonds reacted to economic data that included New Home Sales and Durable Goods Orders for March on Wednesday, Gross Domestic Product (GDP) for the first quarter, and Weekly Jobless Claims on Thursday, and Personal Income and Outlays for March on Friday ... Read More

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