Investments
Under The Hood: Early Takeaways from Third Quarter Earnings
JPMorgan marked the start of third quarter earnings and cast a surprisingly positive light on the market. The financial sector had been under a shadow, with concerns lingering that rising rates on deposits would pressure margins and that credit losses would increase. Despite the worries, the issues didn’t materialize, at least for the largest banks. …
Carson Group
October 23, 2023
Let’s Call It Like It Is: The Economy Is Strong, and There’s No Recession on the Horizon
A year ago, a Bloomberg Economics model projected a recession within the next 12 months with 100% probability. That’s a right, a recession was all but certain. Well, fast forward 12 months and not only did we not have a recession, but economic growth has accelerated over the past quarter and is showing strong momentum …
Sonu Varghese
October 20, 2023
Remembering the Crash of 1987
“It felt like the world was ending.” -Economist Chris Rupkey on the Crash of 1987. October is known for many things, with incredible market crashes likely being at the top of the list. The Crashes of 1929 and 1987 stand out for many investors and who could forget the selling and volatility of October 2008? …
Ryan Detrick
October 19, 2023
A Deeper Look at Two Sectors
Earlier this month, we addressed three key sectors to watch during this upcoming earnings season: Financials, Energy and Consumer Discretionary. Each of these three sectors are dealing with challenges (or tailwinds, in the case of Energy) of their own. But under the surface, we find that Communications Services and Technology may also come under scrutiny …
Carson Research
October 18, 2023
Value Versus Growth: A Different World View
Rising interest rates in response to ever-heightening inflation was a dominant theme driving stock market performance in 2022. Within that environment, value stocks enjoyed a strong relative performance advantage over growth stocks. This is similar to what played out during the 1970s, another period when value saw significant outperformance over growth. With interest rates remaining …
Mike Lawrence
October 17, 2023
Shaping America: A Weight Loss Phenomenon
O-O-O-Ozempic, you know the commercial. Weight loss drugs have enjoyed a stunning debut. Novo Nordisk, the Danish drugmaker, is now the largest company in Europe, thanks to the sensational success of Ozempic, also known as Wegovy. While the GLP-1 class of diabetes drugs has been around for years, it was recently proven to have potent …
Carson Group
October 16, 2023
Why We Believe the Inflation Report Was Better Than What the Headlines Suggest
Headline inflation as measured by the consumer price index (CPI) ran hotter than expected in September, rising 0.4% over the month and 3.7% over the past year. The culprit was rising energy prices. Gas prices at the pump increased 2.1% in September, following on from the almost 11% gain in August. Long story short, inflation …
Sonu Varghese
October 13, 2023
The Bull Market Turns One
“There are no gains without pains.” – Benjamin Franklin Hard to believe it, but one year ago today the vicious bear market ended. I remember it well, as the bear market saw the S&P 500 down 25.5% from the early January lows at the close on October 12, 2022. The very next day we saw …
Ryan Detrick
October 12, 2023
4 Reasons We Believe That Israel’s War Against Hamas Won’t Be Market Moving and 2 Things That Could Change That
We have received several questions about the potential market impact of Hamas’ brutal terrorist attack on Israel, the Israeli response, and the on-going aftermath. Thinking about these kinds of issues is our job, but we are also well aware that these considerations are trivial compared to the events themselves and the lives they impact. Looking …
Barry Gilbert
October 11, 2023
Four Reasons We Believe Stocks Won’t Crash in October
“October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.” -Mark Twain October is known for many things, from sweaters, to leaves on the ground, to the World Series, to pumpkins, and yes, to market crashes. It …
Ryan Detrick
October 10, 2023
Harvesting Insights: A Third Quarter Earnings Preview
Ah, the unmistakable signs of Fall are here – the crisp chill in the air, pumpkin spice adding autumnal warmth to seemingly every store shelf, and the lush green foliage gracefully yielding to a kaleidoscope ablaze with vivid colors. Yes, Fall is upon us which of course means third quarter earnings are approaching. Much like …
Carson Group
October 9, 2023
Here’s Why Yields Are Rising: The Economy is Strong
It really doesn’t get much simpler: the US economy relies on consumption, and consumption comes from income. Overall income in the economy is dependent on three factors: Employment growth Hourly wage growth Number of hours worked The above three are running strong, and so overall income growth across the economy is strong. That’s powering consumption. …
Sonu Varghese
October 6, 2023