KOMP News and Press, SPDR Kensho New Economies Composite From 07/12/24

2024-07-12 03:40:00 ET Summary Important earnings season ahead as investors look for signs that we are still in soft landing territory. Q2 S&P 500 EPS growth expected to come in at 8.8%, the highest rate in over two years. Banks on deck this week: JPM, C, WFC out Friday wi...

2024-07-11 12:20:00 ET Summary The S&P 500 Index closed sharply higher on Wednesday, rising to yet another record high. Forecasting S&P 500 returns based on earnings yield and dividend yield models continue to project modestly negative returns. What is clear is that fo...

2024-07-11 07:10:00 ET Summary The importance of quality stocks when building a portfolio. Can the current bull run continue? Why tech is still a key driver in the markets. U.S. equity markets have continued to test record highs this year. Even so, Vitali Mos...

2024-07-11 05:50:00 ET Summary The SP500 vs PMI, IndPro from Feb 1977 demonstrates the consistency of investor fears vs declines in the SP500 and the many recoveries large and small since. The PMI often declines when there is no decline in IndPro (Industrial Production that it is ...

2024-07-10 13:25:00 ET Summary Q2 aggregate earnings are forecasted to reach a new all-time high, with a current estimate of $492.8 billion. The Magnificent-7 are once again expected to play a significant role, boasting an aggregate earnings growth rate of 29.8%. Financials ha...

2024-07-10 10:05:00 ET Summary We upgrade our macroeconomic outlook based on continued strength in the U.S. economy, but remain cautious on still high inflation. Our expectation for just two rate cuts leaves us committed to quality for the rest of the year, but pockets of opportun...

2024-07-10 05:30:00 ET Summary The KraneShares CSI China Internet ETF continues to outperform the S&P 500 since the end of January despite the recent pullback. China’s government has not deployed the preverbal 'policy bazooka' having witnessed the increase in debt and i...

2024-07-09 07:25:00 ET Summary The market capitalization of the S&P 500 grew by 4.2% during the course of the second quarter of 2024. The Top 10 stocks within the market cap-weighted index together accounted for 35.8% of its total valuation. Nvidia lost over $300 billion w...

2024-07-08 14:20:00 ET Summary The S&P 500 is currently up 17.38% year to date and has recorded a new all-time high 34 times this year. The U.S. Treasury put the closing yield on the 10-year note, as of July 5th, at 4.28%, which is above its record low. The S&P 500 is ...

2024-07-08 06:30:00 ET Summary The big banks start reporting next Friday, July 12th, ’24. The June CPI and PPI data are also due this week. The forward 4-quarter estimate jumped $9 this week as the old quarter (Q2 ’24-Q1 ’25) fell off and new quarter was added...