SMOKE AND MIRRORS

It is well known that this year’s second quarter earnings are expected to be below last year’s. FactSet estimates a Q2 decline in earnings growth of 5.2%. Our Market Climate Graph clearly shows that the current, April-June, level of S&P500 EPS is lower than it was last year. So I was somewhat surprised to read [...]

By |2016-06-28T15:46:16+00:00June 28th, 2016|Market in Review|0 Comments

FREEDOM

There’s a worldwide anti-establishment movement going on. The U.K. decision to exit the European Union is the latest example. A recent election in Austria manifested a groundswell of populism sweeping Europe amid the EU’s failure to deal with the ongoing economic and migrant crises. Anti-establishment candidates were recently elected to lead Rome and Turin, and [...]

By |2016-06-27T16:40:01+00:00June 27th, 2016|Market in Review|0 Comments

The Market in Review: June 24, 2016

Concerns surrounding the British exit (Brexit) from the European Union loomed this week, but investors tried to remain optimistic until the unexpected results sent shares into a tailspin. Stocks shot higher out of the gate in the first session of the week after polling showed that opposition for Brexit was gaining momentum. The Dow climbed [...]

By |2016-06-27T15:13:42+00:00June 27th, 2016|Market in Review|0 Comments
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