BBMC News and Press, JPMorgan BetaBuilders U.S. Mid Cap Equity From 10/23/23

2023-10-23 20:10:00 ET Summary S&P 500 earnings yield (EY) is at a 6-month-high, and 4 big tech names are scheduled to report this week: Microsoft, Alphabet, Meta and Amazon. When Microsoft reports their fiscal Q1 ’24 results after the close Tuesday night, October 24th,...

2023-10-23 15:32:00 ET Summary Two big things happened to the S&P 500 (Index: SPX) in the past week, as the index fell to 4224.16 through Friday, 20 October 2023, a 2.4% week-over-week decline. The first big thing to happen was a surge in the yield of the 10-year U.S. Treasury...

2023-10-23 14:55:00 ET Summary Worries over interest rates, a too-strong economy, more fed funds rate increases, are keeping a lid on stock gains even after good earnings. Investors are now in the middle of what is typically the best seasonal period of historic returns for the S&a...

2023-10-23 14:42:00 ET Summary For the week, the S&P 500 was down 2.4%. We are now 7.9% below the 2023 high-water mark, set on July 31. The market entered a Golden Cross configuration (a Golden Cross occurs when the 50-day moving average crosses above the 200-day) on February ...

2023-10-23 09:45:00 ET Summary During most extended market selloffs, the majority of trading days exhibit negative gamma, exposing the market to news events. The sell-off prompts options traders to scramble to keep up with the market’s movements, often resulting in compelle...

2023-10-20 02:30:00 ET Summary Three factors helping to lift equity markets. Economic growth fuels equity optimism. Outlook for tech stocks. While there have been no shortages of macro headwinds weighing on equity markets, the major indices are still higher year to...

2023-10-18 00:00:00 ET Summary The LERI shows corporate uncertainty increasing to its highest level since the pandemic, in line with what bank CEOs have been sharing on Q3 calls. This week, 460 companies are expected to report for Q3, 55 from the S&P 500. Potential Surpris...

2023-10-17 23:30:00 ET Summary Once again, the bulls were unable to charge higher, after global indices rose on Monday. While there is a chance, we could still see the markets climb higher once US investors come to the fray, even then, I am not so sure we will see a long-lasting r...

2023-10-17 22:25:00 ET Summary In this note, we look at the Mag-7 group in more detail and preview growth expectations heading into the quarter. Mag-7 earnings for Q3 are forecasted at $72.3 billion (+35.9% y/y, +5.2% q/q) while revenue is forecasted at $364.5 billion (+11.3% y/y,...

2023-10-17 02:10:00 ET Summary The current war situation is moving oil, bonds and stocks, as the worst-case scenario is a massive oil price spike, which overrode bottoming action in the stock market. A worst-case scenario would be bullish for bonds, no matter what happens to the p...