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S&P 500 EPS growth for Q2 2023 is set to come in at -5.2%, the lowest rate in nearly 3 years and the third consecutive quarter of negative earnings growth Potential surprises this week: United...
Warren Buffett's Berkshire Hathaway reported better-than-expected earnings over the weekend Apple, as expected, was the biggest contributor to the stellar earnings Considering the fundamentals and...
Markets finished down on Friday, registering distribution for the Russell 2000 (IWM) and S&P 500, but not for the Nasdaq. From a support perspective, there are undercuts of the 20-day MAs for the...
“The stock market is not the economy.”Such is the latest rationalization to support the “bull market” narrative. The question, however, is the validity of the statement. During...
The main bank of stock market leadership has come from the technology sector. Let’s face it, tech stocks have been market leaders for years and a core driver of our economy. But the post-COVID...
Let me start today's update with a Wall Street adage, "Tops are a process, bottoms are an event." From an Elliott Wave Principle (EWP) perspective, the S&P500, is wrapping up its last 4th and...
Our recent article warns that a tremendous thirty-year tailwind for corporate earnings is dying down. Consistent corporate interest and tax rate declines significantly boosted stock prices and...
Looks like I haven't missed much since I have been away. The Nasdaq pitched sideways after tagging channel resistance. There was no change in the supporting technical picture.The S&P 500 is...
“Bullish measures are getting really bullish.”This is an interesting statement, given how “bearish” sentiment was in 2022. As I noted then: “Investor sentiment has become...
This week will feature a ton of economic data that will likely reveal that the job market remains strong and the economy remains robust. Initial jobless claims have consistently decreased in the past...
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