Second quarter earnings season takes center stage this week as 56 companies in the S&P 500 Index are scheduled to report earnings results. Most major banks will report earnings and we can see how they are navigating the current interest rate environment. Several industrial companies will also report earnings results and we can get …
An upside surprise to the June employment report last week tempered expectations that the Federal Reserve would be reducing short-term interest rate at the July FOMC meeting. The Labor Department reported that Non-Farm Payrolls increased by 224,000 in June versus an expectation of 160,000. This was a sharp reversal from May’s disappointing jobs report …
A double-shot of positive news lifted major market averages last week. Fed Chairman Jerome Powell reinforced his supportive posture to keep the U.S. economy growing and the White House announced President Trump and President Xi of China would meet during the G20 meeting in Japan at the end of this week. Both announcements supported …
A Dissipating “Axis of Worry” Many of the concerns that caused the steep drop in the stock market in the fourth quarter of 2018 have started to dissipate. The combination of rising interest rates, a trade dispute between the U.S. and China, lower oil prices, and the U.S. government shutdown all rolled into what we …
404.445.7885
