It’s all relative when it comes to growth. S&P 500 4Q earnings are expected to grow by 16% y/y and 14% ex-Magnificent 7. However, it’s important to put these numbers in the context of the 2022 earnings recession.
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weekly_market_recap 09-16-2024
Leaves aren’t the only thing falling in September. The Fed is gearing up to cut rates, which has the potential to alter theinvestment landscape, prompting investors to review their portfolio allocations. In a falling rate environment, it’s often wise to lean more toward fixed income, especially longer duration bonds.… Read More
Data revisions are adding to difficulties in assessing the strength of the post-pandemic economy. One example of this was a very large downward adjustment to payroll employment numbers in the recent annual benchmarking
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weekly_market_recap 09-02-2024
Initial jobless claims have risen in recent months, averaging 236k since early June versus 213k in the first five months of 2024. Claims were volatile in July and, on two occasions, spiked to their highest levels since last August. This, in tandem with a weaker Jobs report, stoked fears of a rapidly cooling labor market.… Read More
Recent data have sent mixed signals about the U.S. economy, causing interest rate expectations to fluctuate once again. Just two weeks ago, a weak jobs report sparked recession fears, and markets swiftly priced in an additional rate cut for this year.… Read More
Last week’s jobs report showed that the labor market is losing momentum at a faster than expected pace. While a 4.3% unemployment rate is still historically low, it has risen 0.6% since January, marking the fastest rise in a six-month period since the pandemic.… Read More
While the recent political developments in Washington have grabbed headlines, it is important for investors not to lose sight of the fundamentals. The 2Q24 earnings season is underway, and by the end of last week, nearly half of the S&P 500’s market cap had already reported their earnings.… Read More
Like 2022, 2023 was a stagnant year for private equity (PE). Against a backdrop of higher interest rates and economicuncertainty, PE exit activity slowed as buyers and sellers struggled to find common ground on valuations. However,recent data suggest that the worst of the exit activity slump may be behind us.… Read More
The Misery Index, a gauge of economic health calculated by summing the year-over-year CPI inflation rate and the unemployment rate, fell to 7.1% in June. By this measure, the economy today is stronger than it has been 70% of the timesince 1948.… Read More
Summer travel is more than just sightseeing; it’s a critical economic driver for many countries. The European Commission estimates that tourism makes up to 10% of the EU’s annual GDP and as much as 25% for some individual countries as this week’s chart illustrates.… Read More
It’s all relative when it comes to growth. S&P 500 4Q earnings are expected to grow by 16% y/y and 14% ex-Magnificent 7. However, it’s important to put these numbers in the context of the 2022 earnings recession.
Click Here
Download Full-Size PDF:
weekly_market_recap 09-16-2024