S&P 500 earnings update – still pretty stagnant but not eroding rapidly
The “forward 4-quarter” earnings estimate for the S&P 500 fell to $103.38 last week, down slightly from the previous week’s $103.80 and a continued drip lower from the July and October peaks of...
View ArticleS&P 500 corporate earnings update
We havent updated the S&P 500 forward earnings estimate for a few weeks since there is little to talk about: the latest “forward 4-quarter” estimate for the S&P 500 is $105.88, still below the...
View ArticleIndicator Update: Expecting too Much from Jackson Hole?
After weeks of anticipation, we may get the answer to a key question: Will the Fed launch another round of Quantitative Easing? Since the decision for QE II is linked to Fed Chair Bernanke’s 2010...
View ArticleMy Gut Feeling for 2013 ($$)
Happy New Year to all. 2012 was a year full of ups and down; elections; fiscal and budgetary issues around the globe; a Summer Olympics; and, a severe drought. Once again the major averages, except...
View ArticleMy Gut Feeling for Today, February 4, 2013 ($$)
For the fifth time in six years the Super Bowl was a close game. The winners on the field this time around were the Baltimore Ravens. Off the field, the winners were: CBS (CBS) which benefited from...
View ArticleMy Gut Feeling for Today, May 30, 2013
As I suspected, Wednesday would be a teeter-totter day with the markets opening lower and bottoming just after 11AM. Overnight Japan took it on the chin declining by over 5%. I am adding to my...
View ArticleGary Smith’s Market Take
Here’s my take on the markets today, August 9th, 2013. If you’d like to read more of my articles, click here. Credit gauges are mixed today. The 2Y Euro Swap Spread is down -3.2% to 39.75 bps. The...
View ArticleGary Smith’s Market Take
Here’s my take on the markets today, September 27th, 2013. If you’d like to read more of my articles, click here. Credit gauges are deteriorating today. The 3M EUR/USD Cross-Currency Basis Swap is...
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