Downward Revision Trend In S&P 500 Earnings Estimates Intact Despite Improvement In Macro Of Late

posted in: Economy, Equities | 0

Of late, U.S. economic data have been coming in better than expected.  Is this getting translated into better corporate sales and earnings? The Citi Economic Surprise Index has shot up from -80 in the middle of the year to 56. … Continued

What If?

posted in: Credit, Economy | 0

Is the U.S. economy strong, weak or just about right?  Better yet, is it getting stronger, weaker or going sideways?  The truth is, pessimists and optimists both can selectively pick and choose to support their own bias. That said, data … Continued

Trump Dangles Carrot In Front Of Yellen – Financials Likely Casualty

Last Wednesday, speaking to the Wall Street Journal President Trump said that the dollar was getting too strong and that it would eventually hurt the U.S. economy.  In the past, he, as well as Treasury Secretary Steven Mnuchin, have made … Continued

Markets Dance To Fed’s Tune Way Too Much … Matter Of Time Before This Backfires

posted in: Credit, Economy, Equities, Technicals | 0

Markets are under the influence of the Fed’s rate hike talk – or a lack of it – a little too much … to such an extent that it can potentially backfire someday. Last Thursday, we learned that the ISM … Continued