Looking Up

August 10, 2020

  Heading into the tail-end of the second quarter earnings season, 441 companies in the S&P 500 have reported earnings with 82% reporting results above consensus. This is better than the long-term average of 64.9%.  A fourth consecutive better than expected week has moved current consensus for second quarter S&P 500 earnings to down 31.7% …

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Parsing the Data

October 7, 2019

  The S&P 500 Index posted its third consecutive weekly decline. The decline wound up being smaller than the start of the week would have indicated, as the market rallied strongly on Thursday and Friday. The week started down when the September ISM Manufacturing Report showed contraction in the manufacturing sector. The Index level of …

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