Daily Insights
Solid earnings considering the stiff headwinds. With only about 30 S&P 500 Index companies left to report results, second quarter 2019 earnings for the index are tracking down 0.7% year over year according to FactSet, above June 30, 2019, estimates (-2.7%) despite a 1.5 percentage point drag from Boeing. Continue reading
Daily Insights
Stocks rebound. Global stocks are modestly higher this morning after a volatile week of trade headlines and yield curve concerns. The S&P 500 Index closed down 2.4% for the week through Thursday, heading for its third straight weekly loss after two significant selloffs on Monday and Wednesday. Continue reading
Daily Insights
Stocks trying to hold early-morning rebound. After the S&P 500 Index’s nearly 3 percent decline yesterday, stocks are trying to regain their footing this morning amid another flurry of trade headlines and yield curve inversion concerns (please see yesterday’s LPL Research blog). Continue reading
Daily Insights
Global stocks decline. Global stocks are down this morning following a strong day for U.S. markets fueled by upbeat trade headlines. The S&P 500 Index rose 1.5% yesterday after the United States announced it would delay some tariffs scheduled to go into effect September 1, and resume trade talks with China in September. Continue reading
Daily Insights
Earnings continue gradual improvement. With 90% of S&P 500 Index companies’ results in, second quarter 2019 earnings are tracking down -0.7% year over year, above June 30 estimates of -2.7% despite a more than 1 percentage point drag from Boeing and a modest improvement over the prior week. Continue reading
Daily Insights
Earnings continue gradual improvement. With 90% of S&P 500 Index companies’ results in, second quarter 2019 earnings are tracking down -0.7% year over year, above June 30 estimates of -2.7% despite a more than 1 percentage point drag from Boeing and a modest improvement over the prior week. Continue reading
Daily Insights
More trade worries. Global stocks are modestly lower this morning as investors process reports that the United States is delaying a decision to grant some U.S. companies permission to conduct business with Huawei Technologies, a Chinese tech giant that was blacklisted in May amid the U.S.-China trade dispute. Continue reading
Daily Insights
Markets fixate on the yuan fix. The daily level at which China’s central bank fixes the yuan, a central reference point that determines the range in which the exchange rate is allowed to float, has become the latest proxy for trade risk. Continue reading
Daily Insights
Stocks opened sharply amid falling rates, trade fears. The People’s Bank of China set its yuan target just a hair stronger than 7 per dollar, a relief to those worried about the psychologically significant round number, but weaker than some had anticipated. Continue reading
Daily Insights
China trade retaliation extends sell-off. The S&P 500 Index declined 3%, its worst day of 2019, after China retaliated against new tariffs on Chinese goods announced by the Trump administration last week. Continue reading