Tamarisk Capital Management joined us to close the markets today! 🔔
Tamarisk Capital Management provides systematic risk management strategies made accessible through an ETF wrapper.
With the Presidential election quickly approaching, the next 100 days will be filled with questions, choices, and change. In my latest commentary video, I share 3 reasons investors should stay the course and not make politically-driven changes to their portfolio.
With total return data going back to 1928...
# Years in which both the S&P 500 and 10-Year Treasury Bond were down?
5 --> 1931, 1941, 1969, 2018, 2022
# Years in which both the S&P 500 and 10-Year Treasury Bond were down more than 10%?
1 --> 2022
I know I’ve only been an economist for 35 years, but the August CPI number is not as important as everyone is making it out to be. One month, heck 2 or 3 months, is not proof of anything.
Inflation Expectations Fall. Three-year inflation expectations in the NY Fed Survey of Consumer Expectations report fell to a nearly two year low (2.76%). Falling inflation expectations continue to support the view that inflation is likely to slow in the coming months.
Final Earnings Update! This week will mark the ‘unofficial’ end of the 2Q22 earnings season with some of the big retailers reporting. While this quarter’s results moderated relative to previous quarters, they fared better than feared coming into the quarter.
457/500 companies in the S&P 500 have reported for Q2 (91.3% of market cap). 75.5% have surprised to the upside. Earnings so far are +7.7% from a year ago. Overall, consensus was estimating 4.1% YOY at start. Revenues so far are +13.5% YOY. What recession?!?
Earnings Update! This will be a slow week for the 2Q22 earnings season with less than 25 S&P 500 companies reporting results. With the vast majority of earnings behind us, see below for some of the key highlights.
50 Days! The AAA average price per gallon of gasoline has decreased for 50 consecutive days to $4.16—down sharply from the record high of $5.01 in June. This drop should be a tailwind for consumer spending and sentiment going forward.
Tom Corley conducted a five-year “Rich Habits” study that explored how the world’s wealthiest people think about their money. Each of the 225 millionaires he interviewed fell into one of four categories, and shared 3 habits that anyone can adopt. https://t.co/hkQzuZK40q
Earnings in focus. This week will mark the busiest week of the 2Q22 earnings season, with over 170 S&P 500 companies (representing ~50% of the index’s market cap) set to report. See below for some of the key highlights thus far.