wiar 05-24-22

Latest Morning Briefing Executive Summary: Bear Anatomy History and data offer perspective into what a prospective bear market in the S&P 500 may mean for investors. Today, we examine the past two bear markets’ longevity, quantify the index’s valuation slide to date from its peak, compare component indexes’ performances, and see how much better...

2h

Bear Anatomy BLURB

US: Tues: M-PMI & NM-PMI Flash Estimates 57.9/55.4; New Home Sales 750k; Richmond Fed Manufacturing Index; Powell. Wed: Durable Goods Orders Total, Core, and Core Nondefense Capital Goods 0.6%/0.6%/0.5%; MBA Mortgage Applications; Crude Oil Inventories & Gasoline Production; FOMC Meeting Minutes; Brainard. (Bloomberg estimates) Global: Tues:...

22h

Bear Anatomy

Check out the accompanying pdf and chart collection. Executive Summary: History and data offer perspective into what a prospective bear market in the S&P 500 may mean for investors. Today, we examine the past two bear markets’ longevity, quantify the index’s valuation slide to date from its peak, compare component indexes’ performances, and see...

22h

wiar 05-23-22

Latest Morning Briefing Executive Summary: Bear Spray Today, we zero in on stock market bears—why they’ve been wrong for 13 years (quantitative easing), why they’re right currently (quantitative tightening), and why we believe their outlook is too pessimistic. … Primarily, we don’t expect an imminent recession because conditions aren’t ripe for a credit...

1d

Bear Spray BLURB

US: Mon: Chicago Fed National Activity; George. Tues: M-PMI & NM-PMI Flash Estimates 57.9/55.4; New Home Sales 750k; Richmond Fed Manufacturing Index; Powell. (Bloomberg estimates) Global: Mon: Germany Ifo Business Climate Index, Current Assessment, and Business Expectations 91.4/95.8/83.5; Australia & Japan M-PMI & NM-PMI Flash Estimates;...

2d

Bear Spray

Check out the accompanying pdf and chart collection. Executive Summary: Today, we zero in on stock market bears—why they’ve been wrong for 13 years (quantitative easing), why they’re right currently (quantitative tightening), and why we believe their outlook is too pessimistic. … Primarily, we don’t expect an imminent recession because conditions aren’t...

2d

wiar 05-21-22

Latest Morning Briefing Executive Summary: Retailers, Materials & Fintech First the good news: Retail sales rose solidly in both March and April. Now the bad news: Two retail giants missed their Q1 earnings marks, causing recession-fearing investors to jettison their stocks. Jackie recaps what their management teams had to say about the quarter....

3d

wiar 05-20-22

Latest Morning Briefing Executive Summary: Retailers, Materials & Fintech First the good news: Retail sales rose solidly in both March and April. Now the bad news: Two retail giants missed their Q1 earnings marks, causing recession-fearing investors to jettison their stocks. Jackie recaps what their management teams had to say about the quarter....

4d

wiar 05-19-22

Latest Morning Briefing Executive Summary: Retailers, Materials & Fintech First the good news: Retail sales rose solidly in both March and April. Now the bad news: Two retail giants missed their Q1 earnings marks, causing recession-fearing investors to jettison their stocks. Jackie recaps what their management teams had to say about the quarter....

5d

wiar 05-18-22

Latest Morning Briefing Executive Summary: Run(off) for the Hills? It begins next month: the Fed’s plan to let its maturing securities run off its balance sheet without replacing them—a.k.a. quantitative tightening (QT). How right are investors to be freaked out? How legitimate are their suspicions that the Fed is erring on the side of overkill after...

5d