With over 90% of companies in the S&P 500 index having already reported results, the numbers for Q3 earnings season are effectively in. Here are the main takeaways: Results were... read more →
It has been a great two weeks for the S&P 500. The market closed higher in each of the last 8 sessions, which lifted the index back above key support... read more →
Our internal recession model has been flashing red for a while, and although lots of progress has been made vs. inflation the US economy has held up very, very while. ... read more →
We are entering the final stretch of Q3 earnings reporting season. As of yesterday, 310 companies representing roughly 66% of the market capitalization of the S&P 500 index have already... read more →
We here at CWM practice and preach “cycle investing” – a time honored tradition that reflects our belief that markets and economies have defined “cycles” and that those cycles are... read more →
Composite PMI readings come out each month and represent a monthly snapshot on the health of the manufacturing and service economies. A reading above 50 is considered good and the... read more →
The Federal Reserve controls the front end of the US Treasury (UST) yield curve. The market controls the long end, and the market over the last few months has been... read more →
We are one week into the 3Q23 the earnings reporting season. 64 companies have reported so far, 13% of the SP500 and 30% of those reporting to date have been... read more →
If the Fed doesn’t hike again, we likely have a mild recession (“soft landing”). If they do hike again, the probability grows significantly/exponentially that the landing is a lot less... read more →
Q3 earnings season is about to rev up with the big US banks reporting on Friday and major Tech companies later this month. Over the past three quarters, S&P 500... read more →