John Hancock: Weekly Market Recap Week Ended January 27th
Subdued earnings Nearly one-third of the way through earnings season, the proportion of S&P 500 companies that have beaten analysts’ earnings expectations is slightly smaller than usual. About 69% had exceeded net income expectations as of Friday, trailing the five-year average of 77%, according to FactSet. Overall, earnings are expected to decline 5% relative to […]
LPL: Retail Sales Downshift In December
Wednesday, January 18, 2023 Trajectory Is Weakening The U.S. economy weakened in December. Overall spending in December fell over 1% month over month after a downwardly revised 1% decline in November. Lower sales on autos and at gas stations contributed over half of the decline in total retail sales. The control-group sales fell 0.7% […]
Hartford Funds: 2023 Outlook
As the Fed continues to battle inflation, recession and recovery will be top of mind in 2023. WHAT YOU NEED TO KNOW From a macro and market standpoint, the worst may be behind us, but we think it’s too early to wave the all-clear flag for risk in 2023. Tight financial conditions will be a […]
John Hancock: Weekly Market Recap Week Ended January 20th
Earnings anxiety Entering the peak of earnings season, analysts have been scaling back their forecasts for results from the first half of 2023. In recent weeks, earnings expectations for this year’s first and second quarters switched from year-over-year growth to declines for companies in the S&P […]
VanEck: External Balances
External Balances – China and the Rest China Foreign Trade The China reopening story is all the rage now, eclipsing the last year’s “star topic” of massive external surpluses. What to make of it? We do not want to focus too much on year-on-year changes in exports and imports (these can be noisy), but slowing global […]
Nuveen: 2023 GIC Outlook
Key takeaways Source: https://www.nuveen.com/en-us/insights/investment-outlook/annual-2023-outlook
John Hancock: Weekly Market Recap Week Ended January 13th
Inflation moderation U.S. prices rose at a 6.5% annual rate in December as measured by the Consumer Price Index, marking the smallest year-over-year increase since October 2021. Excluding food and energy costs, core inflation rose by 0.3% relative to the previous month, in line with economists’ average forecast. Low expectations A handful of […]
Alliance Bernstein: Global Macro Outlook – First Quarter 2023
Source: https://www.alliancebernstein.com/library/global-macro-outlook-first-quarter-2023.htm
LPL: Looking For Years That Look Most Like 2022
Investors have gladly hit the reset button after last year’s downhill ride on the S&P 500. What started with a champagne record high on the first trading day of 2022, fizzled out into a volatile bear market by June and nearly a 20% decline by year-end, marking the fourth worst year for the index since […]
John Hancock: Weekly Market Recap Week Ended January 6th
Diminished earnings As major banks prepare to open quarterly earnings season this week, most analysts have been scaling back their expectations. Over the past three months, analysts reduced their fourth-quarter earnings-per-share estimates for companies in the S&P 500 by an average of 6.5%, according to FactSet. That figure exceeds the 3.8% average reduction seen […]