Trick or Treat We’re in the midst of earnings season, a time when quarterly company results have the market in a tight grip. So far, over 40% of S&P 500 constituents have reported, with a big chunk of that coming last week. And yet, despite both profits and revenue beating consensus estimates by around 6%…Read more
Down the Golden Path It’s still early days in earnings season but results have continued to surprise, coming in 5.0% above consensus estimates. Now, the rate that companies have been beating expectations has been lower than the 5-year average rate of 8.6%, but better than expected is still better than expected. That sets up this…Read more
Next Steps Heading into the last week of April, market sentiment changed dramatically. The S&P 500 fell below 5,000 for the first time since surpassing that level in February. The rise in Treasury yields is to blame, as expectations for rate cuts have dwindled. In short, some worry has creeped back into the market after…Read more
