Lots of positives stacked up this past week with the Fed lowering short-term interest rates by 0.25%, a stronger than expected employment report, and continued progress on U.S. – China trade. These along with good third quarter earnings reports pushed the S&P 500 into record territory. The Federal Reserve lowered its short-term target rate …
The corporate earnings season has so far been less negative than originally anticipated. Of the 199 companies that have reported 3Q earnings, 78% have exceeded expectations, 7% have met expectations, and 15% have reported below expectations. This has improved current earnings estimates for the quarter to a 2.0% decline in year/year earnings on 3.4% …
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 …
The major market averages posted a second consecutive positive weekly return. With the lull between corporate earnings season, most movement came from macroeconomic data, politics, and some company commentary at investor conferences. Investors will have two big events to focus on for the balance of the month with the Federal Reserve meeting on June …
Continue reading “Will Key Meetings Satisfy Investor Expectations?”
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