SFLA News and Press, Barclays Bank PLC From 07/11/21

Strategas President Nicholas Bohnsack breaks down the recent move in Treasury rates before getting into a few 2H21 and 2022 outlook items. While he remains bullish on equities, he says he wouldn’t be surprised to see some volatility on the horizon. The organic growth driver...

At least 18 major financial services firms report next week. The 2nd quarter 2021's EPS expected growth rate as of this weekend has risen 20% since 12/31/20. Expected revenue growth has risen from 12% to 18% for Q2 ’21. The “average” y/y revenue growth rate fo...

The Department of Labor’s latest report on jobless claims came in higher than expectations at 373,000, a 2,000 increase from the prior week's revised level. Continuing claims were essentially unchanged at 3.3 million. Getting the economy back to its pre-recession employment...

The S&P 500 has set seven all-time record highs in a row - the longest streak since 1997. Last Friday also brought new highs to the once-struggling NASDAQ and Dow Industrials. For companies in the S&P 500, analysts now expect second-quarter profits to come in 64% better than t...

During much of last quarter, the Atlanta Fed’s GDPNow model indicated an annual rate over 10% for the second quarter, but last Friday, they downgraded their estimate to the lowest number we’ve seen since the quarter began - an annual pace of just 7.8%, down from +8.6% on Jul...

Was the Fed message a shift in reaction function or economic outlook? Heightened rate sensitivity from incoming jobs and economic data. Strap in for a bumpy market this summer. For further details see: Will Interest Rates Rise As Jobs Recover This Summer?

We still see opportunities in the office sector of the global real estate market, but with changing work patterns driving dispersion across assets and locations. U.S. job growth accelerated in June, signaling labor market bottlenecks could be starting to ease. Stocks hit record highs....

Recent economic data are showing signs of slowing growth. Trends in economic growth are highly correlated with S&P 500 earnings growth rates. The stock market has historically anticipated these slowing growth trends. For further details see: Decelerating Economic Gro...

The “expected” revenue and EPS growth rates for the S&P 500 for forward quarters continue to see higher revisions. S&P 500 kick-off the week of July 12th, 2021 when the financials start to their Q2 ’21 financial results. Q2 ’21 S&P 500 EPS a...

With all the talk about inflation expectations, central bank policy, rising Treasury yields and fiscal policies, equity investors are trying to make sense of the market by focusing on the interest rate sensitivity of valuations and the tug of war between growth stocks and value stocks. ...