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Summary I expect S&P 500 2024 forward earnings to be $237.2, which in my opinion, should fetch 17.5X, a multiple more in line with 3.5-4%, 10-year treasuries. I also expect S&P 500 earnings to decline by 5% to about $210 in 2023 and then recover by 13% on a smaller base to $237 ...
Summary More interest rate increases are likely to slow the economy in 2023 as the Federal Reserve works to lower inflation. Earnings are likely to take a hit in 2023 as economic activity slows down. I am forecasting a recession for next year. I will also forecast where I think ...
Summary Consumer spending on services jumped by 0.7% in November from October, seasonally adjusted, and by 8.9% from a year ago, according to the Bureau of Economic Analysis today. Spending on services has easily outrun inflation that continues to rage in services, and so this demand fo...
Summary Due to decades of easy monetary policy, the economy is now tightly linked to the growth in asset prices. Namely the stock market and the housing market. When the stock market and housing market falls, this has significant implications for employment, consumption, economic growth...
Summary The S&P500 slipped 0.2% (down 19.3% y-t-d), while the Dow increased 0.9% (down 8.6%). Three-month Treasury bill rates ended the week at 4.1825%. Two-year government yields jumped 14 bps to 4.32%. Japan's Nikkei Equities Index sank 4.7%. Japanese 10-year "JGB" yields jump...
Summary Nobody knows which of the many threats and opportunities out there, known and unknown, are going to be the ones that matter and which way they will drive asset prices. Making a prediction forces us to organize many strands of disparate and often contradictory information into a ...
Summary The bulls are still waiting for a Santa rally. Economic data continues to disappoint with Housing remaining in recession. The market is winding down a very disappointing year as the bear market continues. "If you don't know who you are, the stock market is an exp...
Summary New orders for durable goods fell 2.1% in November. In real terms, after adjusting for inflation, real new orders for durable goods decreased. Durable-goods orders have posted a strong recovery from the lockdown recession measured in nominal dollars. By Robert Hu...
Summary The one-year inflation expectations fell gain in December. Declines in short-run inflation expectations were visible across the distribution of age, income, education, as well as political party identification. Overall, economic risks remain elevated due to the impact of inf...
Summary Much of Wall Street will be taking off this week. It will be a week filled with lots of economic readings. There will be no earnings and no Fed speak. By Ed Moya US Thin trading conditions could persist as much of Wall Street will be taking off th...
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2024-06-04 03:54:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-25 05:56:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
Small-cap and Mid-cap Factors Offer Unique Advantages PR Newswire Invesco expands its SMID cap factor ETFs to offer investors access to the differentiated return profile of small-cap and mid-cap factors ATLANTA , April 4 , 2024 /PRNewswire/ -- Invesco Ltd. (N...