The Bull Market Powers Higher
As we expected, many companies (about 67%) are beating the bottom line consensus estimates for Q1. The earnings bar was set low by both the companies and analysts coming into earnings season making the forecasts easier to beat. And the prior periods of weak guidance...Here Come The IPOs
Is this another IPO boom signaling a market top? Lyft recently came public but had a disappointing IPO. Shares were priced at $72, traded as high as $88.60 on the first day of trading, and currently trade at $57. More IPOs are on the way. Coming soon are Uber,...
The Fourth Industrial Revolution
What a difference a quarter can make. Last week Fed Chairman Powell all but admitted that he and the Fed were wrong raising the Fed funds rate in December and all but called off interest rate increases in 2019. They expect one increase in 2020. The initial market...