We are almost halfway through earnings season. Earnings announcements are always important but maybe more so this quarter due to investors’ eagerness to see how inflation, including wage growth, is affecting companies’ bottom lines and outlooks for 2022. So far,...
There were a record number of new issues in 2021, but only 22% of IPOs were profitable. Yet people still pour money into them. Investors hope to find the next Apple, Microsoft, or Tesla, but the odds are stacked against them. Especially since few investors can buy...
It is still very early to say much definitive about the Omicron variant of COVID. We do know that it has spread beyond the origin, it has a significant number of mutations on the spike protein of the virus, and has relatively high transmissibility. Testing by vaccine...
Earnings results are deteriorating as earnings season rolls on. Beat rates are less than the last two quarters but still remain above average. Both revenue and EPS misses are being punished. Individual stocks have been down 3.2% on average for a miss on earnings...
Q. If the government shuts down on October 1st, are stocks in for a rough patch? Goldman Sachs recently concluded that U.S. government shutdowns generally have not meaningfully impacted equity returns. In the 14 government shutdowns since 1980, the S&P 500...
Fed Chair Powell’s speech last Friday at the Jackson Hole economic policy symposium is key for investors to gauge short and intermediate-term monetary policy. The bottom line is that easy monetary policy will remain for some time to come. The large number of...
