August 7, 2018— Now that the S&P 500 earnings calendar has seen the second quarter come and go, most companies have reported results that reflect another stellar earnings season. More companies—over 80%—beat earnings in the second quarter than during any point since the mid ‘90s, when data started being tracked. On average, earnings beat analysts’ estimates by
July 27, 2018—Emerging markets (EM) assets have had a rough go of it this year, to say the least. EM equities are down 13% from their January highs, and currencies have been similarly challenged. The combination of a tightening Fed, a stronger dollar, trade tensions, and slowing global growth have compounded with country-specific concerns to weigh on EM assets. We have
July 13, 2018— The slope of the yield curve has continued its relentless slide this month, with the yield differential between a 10-year and a 2-year Treasury bond falling below 0.27%. The closer this figure gets to zero, the more suspect investors become about whether the economy can withstand higher interest rates from the Fed.