Asset Class/Key ETF Performance Since Election Day 2024
We’re just under three weeks past Election Day 2024 and below is an updated look at the performance of various asset classes since then using our key ETF matrix. While it may feel like the stock market has gone gangbusters since the close on 11/5, the S&P 500 ETF (SPY) is up just over 3%, […]
QCEW Employment Change Y/Y To June 2024
The percentage change is less than that for the CES estimate. Does this mean there are a lot fewer people employed that indicated by the official series (e.g. here)? Here’s data from 2023M06 onward: Figure 1: Change in total covered employment in Quarterly Census of Employment and Wages (QCEW), not seasonally adjusted (blue), official BLS nonfarm payroll […]
October Existing Home Sales: A Pause, Or Possibly Reversal, In The Rebalancing Trend
Yesterday’s report on existing home sales indicated, at least for one month, a pause or even reversal in the previous trend of abating price increases and increased inventory. While existing home sales are not nearly so important to the economy as new home sales, to the extent that home buyers must pay more of their […]
Bird’s Eye View Of Price And Risk
This week, we learned that the US index of leading economic indicators (Conference Board LEI) contracted to 99.5 in October—the 32nd consecutive month of contraction and the longest since at least 1957 (all shown below courtesy of The Daily Shot). The only LEI items that expanded in October were stock (green) and credit (pink) prices. […]
Gold’s Public Sentiment
Image Source: Pixabay Gold’s public sentiment is generally over-bullish, but… Gold’s public sentiment (graph & data from Sentimentrader.com) registered an extreme last month as the market was supposedly anxious about war abroad and the political war here in the US. Oh, and more importantly, there is the slowly decelerating economy and the Federal Reserve, weakening from […]
AI Unicorns: VAST Data Puts Unstructured Data In A Database
Photo Credit: Emily from Pixabay According to a recent report, the AI data management market, which includes companies that provide the ability to store, process, and access data, is expected to grow at 23% CAGR to reach $70.2 billion by 2028. New York-based VAST Data is a strong player in the industry. VAST Data’s Offerings VAST Data was founded […]
Trump’s Proposed Tariffs Are A Tax On Consumers, Primarily The Poor
The Institute on Taxes and Economic Policy discusses The Impact of Trump’s Proposed Tariffs While Mr. Trump mentioned different specific figures at different times, our analysis examined his proposal for a new 60 percent tariff on goods imported from China and a 20 percent tariff on goods imported from other countries. If his proposal were in […]
S&P 500 Earnings Dashboard 24Q3 – Friday, Nov. 22
Image Source: Pexels S&P 500 Aggregate Estimates and Revisions 24Q3 Y/Y earnings are expected to be 8.9%. Excluding the energy sector, the Y/Y earnings estimate is 11.7%. Of the 475 companies in the S&P 500 that have reported earnings to date for 24Q3, 76.4% reported above analyst expectations. This compares to a long-term average of 66.9%. The 24Q3 Y/Y blended revenue growth estimate is 5.3%. If the energy sector is […]
Boeing Lands $2.38B USAF Deal For 15 Aircraft, Stock Gains
Image courtesy of pexels.com Boeing (NYSE: BA) has been awarded a substantial $2.38 billion contract by the U.S. Air Force to construct 15 additional KC-46A Pegasus tankers, marking a significant milestone in the aerospace giant’s defense portfolio.This contract increases the total number of KC-46A tankers on order worldwide to 168, reflecting Boeing’s role as a pivotal player in […]
Softs Report – Friday, Nov. 22
COTTON General Comments: Cotton was higher yesterday and the trends are now mixed in this market. Support came from a very strong weekly export sales report as some buyers look to cover positions before the tariffs that President Trump is expected to impose. China has big problems with its domestic economy with consumer buying interest […]
