The October payroll report more than delivered on expectations for a bounce back from the soft September report. The U.S. Bureau of Labor Statistics released its October employment report this morning, revealing that the domestic economy added a solid 531,000 jobs during the month, exceeding Bloomberg-surveyed economists’ median forecast for a gain of 450,000. This […]
U.S. and International Equities Stocks erased September losses with solid gains in October for the broad market averages. The S&P 500 returned almost 7% for the month, while the Dow Industrials and Nasdaq rose over 5% and 7%, respectively. The developed international markets (MSCI EAFE) and emerging markets (MSCI EM) stocks also finished the month […]
On Thursday, October 21, the Conference Board released its September 2021 report detailing the latest reading for the Leading Economic Index (LEI), a composite of ten data series that tend to lead changes in economic activity. Many economic data points are backward-looking, but we pay special attention to the LEI, as it has a forward-looking tilt […]
U.S. and International Equities Major U.S. and International Markets Finished Higher The major equity markets finished solidly in the green this week as we head into the genesis of Q3 earnings season. The international markets, as represented by the developed markets (MSCI EAFE Index) along with the emerging markets (MSCI EM Index) finished the week […]
We have used most of the superlatives we know to describe corporate America’s stunning performances over the past two earnings seasons. Despite lofty expectations, results exceeded estimates by huge margins. We expect solid earnings gains during the upcoming third quarter earnings season, but upside surprises will almost certainly be smaller. “We think earnings growth will […]
