We sincerely appreciate our relationships with clients and friends and want to say thank you during this joyous season. May your holidays be bright. We wish you the best in 2022. Pundits have been quick to point out that inflation could be a major roadblock to...
Pavilion Global Markets recently did a study on the source of stock market returns over the last decade. According to Pavilion, the decomposition of returns for the S&P 500 breaks down as follows: 31.4% from earnings 7.1% from dividends 21.0% from multiple...
This quarter’s earnings season is off to a good start as 81% of companies reporting have beat EPS estimates, and 80% are beating revenue forecasts. We remain focused more on what companies will say on the conference calls about four key areas and view these factors as...
CNN Business runs a “Fear and Greed” index which currently leans more towards “fear” than “greed.” The reading is generated by seven indicators including price momentum, put/call spreads, junk bond demand, market breadth, and market volatility. The current reading...
Last week when stocks were rising with the S&P 500 closing at its fifth straight record high, investors seemed unfazed by a Fed taper later this year. After yesterday’s FOMC minutes and three sharp down days in a row, the market now worries over a Fed taper. ...
Corporate earnings are on fire. This year’s first quarter was significantly better than expectations with growth coming in at 52% yr/yr. The consensus expectation for the second quarter sits at 61%, after which earnings growth is expected to be 23% in the third...
