Alphabet Reports Great Earnings
$1 Trillion Doesn’t Matter Alphabet reported great earnings on Monday afternoon as the stock increased 3.53% on Tuesday. Heading into the earnings report, the stock was up 13.19% year to date. The S&P 500 technology sector was up 12.64%, meaning it didn’t provide investors much outperformance. That’s especially not great for a member of the…
Treasuries Sharply Selloff On JCB Action
Stocks Inch Closer To Last Week’s High Monday’s action in the markets was all about the bond market, so I’ll only briefly review the stock market action. The S&P 500 was up 0.18% which pushed it close to last week’s high. It’s still far away from the January high if the market is going to…
Strong June Industrial Production, Weak July Manufacturing Capex Expectations
Decent Empire State Index As I mentioned in a previous article, earnings reports are coming out rapid fire, which means some of my economic analysis is delayed. I’ll now review two of the economic reports from last week. Firstly, let’s look at the Empire Fed Manufacturing report. The manufacturing economy was strong in June. The…
EPS Growth Is 28.61% For The First 87 Firms In The S&P 500
Trump Vs. Powell Drama Ends Peacefully On Friday, we got more clarification about President Trump’s statement on monetary policy in his interview on CNBC. Firstly, the President isn’t happy with the Fed’s plan to raise rates 2 more times this year. According to the Fed fund futures, there is a 62.3% chance of at least…
Microsoft Rallies On Great Q2 Earnings
Stocks Pull Back On Thursday Amid this strong earnings season, the stock market had a rare decline on Thursday as the S&P 500 fell 0.4% and the Nasdaq fell 0.37%. The Nasdaq will likely increase on Friday because of Microsoft’s great earnings report which I will review later in this article. The Russell 2000 was…
What Trump’s Criticism Of Powell’s Rate Hikes Means For Monetary Policy
President Trump Doesn’t Like Powell’s Rate Hikes President Trump has made his opinions on monetary policy known more than other recent presidents. During the campaign, he criticized low rates for artificially propping up the economy. He selected Powell as Fed chair and appointed other FOMC members, so some are calling this a "Trump Fed". However,…
The S&P 500 Is Just 2% From Its Record
Stocks Inch Closer To A New Record The S&P 500 was up 0.22% to 2,815.62 on Wednesday. Each point the S&P 500 increases is technically important because it is so close to a new record high. Just because I think it will breakout because earnings growth is strong and other indexes such as the Russell…
Morgan Stanley Bolsters The Financials
Legal Costs & Trading Dog Goldman Sachs I like to review the notable earnings reports to get a closer look at the overall numbers. Earnings season looks great. Specific data from a few companies helps us understand the direction of corporate earnings. The two earnings reports I’ll discuss here are Goldman Sachs, which reported Tuesday,…
12 Times More Firms Complain About Currencies Than Tariffs
Stocks Get Closer To The January Record The S&P 500 increased 0.4% on Tuesday, which means it only needs to rally 2.2% to hit the record high set in January. The S&P 500 is in great shape technically to finally break the record high because it is within striking distance, but it isn’t overbought. The…
Earnings Season Is Going Well
Big Tech Earnings Are Upcoming The next most important round of earnings results I will be following is from the major internet names which are Amazon, Apple, Alphabet, Microsoft, and Facebook. Microsoft reports on Thursday, Apple reports on July 31st, and the others report next week. They will impact the Nasdaq more than Netflix did…
Recent Comments