Just when it seemed mega-caps may never go down and small-caps may never go up again, we have seen a short-term reversal of epic proportions. The tech-heavy NASDAQ 100 is down about 8% while the small-cap Russell 2000 is up almost 10% over the last 13 trading days. ...
This week marks the beginning of earnings season for the second quarter. S&P 500 companies are expected to report a fourth straight quarter of growth, with profits forecast to rise 8.8% over last year’s second quarter (source: FactSet). The top 10 companies in...
We got a favorable CPI print for May last week. Core CPI decelerated to the slowest monthly pace in almost three years. Core CPI ex-rent dropped month-over-month and is now below a 1% annual rate of change on both a three month and 12 month basis. This was arguably...
In the week leading up to Memorial Day weekend, the S&P 500 traded higher 23 out of the prior 30 weeks. There have only been a handful of other periods since WWII where the index had as many positive weeks in a 30-week span. Is the market exhausted after this...
Barron’s Big Money Poll is a must read for us. Large institutional money managers are an important source of demand for equity shares. So the poll gives us insight into what a key group of investors are thinking and doing. They make up part of Wall Street’s...