The enthusiasm from the Phase One U.S. – China trade agreement was quickly tempered as fear of the economic impact of the Coronavirus on global growth seeped into the markets. Major market averages saw their first weekly decline for the year. Despite the headline health scare, corporate earnings reporting season rolls on. With 85 …
A good start to the fourth quarter earnings reporting season and the signing of the Phase One trade agreement between the U.S. and China combined to maintain positive equity market momentum this past week. With 44 companies having reported fourth quarter earnings, 70% have exceeded expectations, 7% have reported in-line, and 23% have reported …
After a short period of volatility surrounding U.S.—Iran tensions, the market continued its current climb once investors assessed that the situation was deescalating. Geopolitical tensions aside, investors can return their focus to company fundamentals this week as the fourth quarter corporate earnings season kicks off. Twenty-six companies in the S&P 500 Index are scheduled …
The corporate earnings reporting season is underway. Earnings reports were generally upbeat last week and the S&P 500 Index responded with a positive return. Of the 73 companies in the S&P 500 that have reported third earnings, 84% have exceeded expectations, 4% have met expectations and 12% have reported below expectations. Current expectation is …
The S&P 500 Index snapped a three-week decline on optimism the U.S. and China were making progress on the trade dispute. In an announcement on Friday, the U.S. agreed not to enact the scheduled October 15th tariff increases on $250 billion of goods in exchange for China agreeing to purchase more U.S. agricultural products. …
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 …
The equity market declined on Friday afternoon for the second consecutive week following a report that the U.S. was considering banning U.S. pensions from investing in Chinese stocks and potentially delisting Chinese stocks from U.S. exchanges. Friday’s lower finish left the S&P 500 Index down 1.0% for the week. The use of international fund …
The equity market declined on Friday afternoon following a report that a Chinese delegation canceled a scheduled trip to visit farms in Montana and Nebraska to return to China early. That news was enough to raise some doubt on the current progress of trade talks between the U.S. and China. Friday’s lower finish left …
Some small concessions were made in the U.S.— China trade dispute with both sides taking steps to diffuse any further escalation. The U.S. said it would delay a tariff increase on $250 billion worth of Chinese goods from October 1st to October 15th out of respect for the People’s Republic of China celebrating its 70th anniversary. …
Last week produced a mix of economic reports that presented a modestly softer economy, but one that is not imminent danger of recession. Some of the softness, such as the contraction in the ISM Manufacturing Index and the weaker Employment Report, can be attributed to the continuing trade issues with China. Once the announcement …
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