– Shorter-term break-even inflation rates have dropped to their lowest levels of the year. – This movement implies market expectations for persistent inflation continue to dwindle, even amid the strongest Consumer Price Index and Producer Price Index readings of the...
– The bull market that started back in March 2009 is now officially the oldest bull market ever—topping the duration of the bull from the 1990s. – But it isn’t the greatest, as the 1990s bull market gained 418% at its peak; well above the 323% gains of the current...
– During reporting season, S&P 500 Index earnings per share estimates for the next year rose 0.5%, reflecting generally upbeat guidance. – Tax cuts help, but traditional drivers of earnings—notably business investment and manufacturing trends—also look good. Click...
– S&P 500 GICS sectors will undergo a significant shift later this month with a big expansion and rebrand of the telecom sector. – Investors employing sector strategies should be aware of the revamp, which will meaningfully change the makeup of the consumer...
Earnings Growth Peaks Are Not Typically Soon Followed by Recessions – Six decades of earnings growth peaks suggests that it took an average of about four years from a profit growth peak before the economy slipped into recession. – The S&P 500 Index gained an...
