Still Strengthening Labor Market
Monday, November 30, 2020
The decline in Census workers and new COVID lockdowns have pushed initial jobless claims higher, but our data still shows a strengthening labor market during the month of November.
Monday, November 23, 2020
Even though everyone has already bought stocks, there is still new money coming in to provide fresh buying with earnings estimates still needing to go higher.
Until the End
Monday, November 16, 2020
The "trend is your friend until the end", which often means until the "dumb money" gets in. The chart, however, favors what the key macroeconomic data this week should support.
Monday, November 9, 2020
It just may be the Goldilocks election results, but now a long-term trend should begin with earnings estimates still needing to get revised higher.
Monday, November 2, 2020
A thousand earnings releases, an election, a Fed announcement and, oh yeah, a jobs report all have the potential to be a catalyst against some lopsided sentiment data.
Yeah, you know
Monday, October 26, 2020
The start of earnings season has seen record earnings beats, but by now it is widely expected as the number of earnings releases pick up; and a potentially volatile election could create an opportunity ahead of a long-term trend.
Monday, October 19, 2020
As earnings season picks up, look for an extremely high percentage of positive guidance announcements against near record high investor sentiment.
Reserves Too High
Monday, October 12, 2020
The Financials kick off the start of earnings season and expectations are starting to improve as loan loss reserves begin to appear too high. The charts, however, aren't telling the same story yet.
Monday, October 5, 2020
Companies beat consensus estimates by a record amount last quarter, but analysts still haven't revised estimates high enough to match the data - suggesting another round of positive surprises is coming.
A little bit of this...
Monday, September 28, 2020
A little seasonality at support with a big push of liquidity ahead of another positive jobs report... albeit at a pace that is naturally slowing.