Weekly Report: what happened at XMVM last week (0408-0412)?

TDAM CIO On Navigating The Markets After Strong Start To The First Quarter

S&P 500 Pulls Back As Fed Officials Get Lost On Road To Rate Cuts

The S&P 500 pulled back from last week's record-high close. The index ended the first trading week of April 2024 at 5,204.34. On Monday, 1 April 2024, signs that oil prices are likely to rise pushed up inflation expectations. Several Fed officials responded by trying to dial back expectations for when they will start cutting interest rates.

Weekly Report: what happened at XMVM last week (0401-0405)?

S&P 500 Earnings: New Quarter, Will The 'Upside Surprise' Factor Continue In 2024?

Home Earnings Analysis S&P 500 Earnings: New Quarter, Will The 'Upside Surprise' Factor Continue In 2024? Q4 ’23 EPS ended at $57.16, up from $54.69 at the end of the previous quarter. The forward 4-quarter estimate jumped this week to $251.58 from $242.94.

CDT Insider Sentiment Ratio March 2024: High Sentiment

Insider Sentiment Bounced Back in March. The composition of the market is exceptionally top-heavy with the top 10% of companies in the S&P 500. The excess earnings yield minus the 10-year Treasury rate is now negative for the first time since 2007. Since the October 2023 low, the market has made a year's worth of returns in 90 days.

Equities Shine Over Bonds

S&P 500's one-year trailing total return through the end of March was nearly triple the historical average of 11.8%. Long-term US Treasuries have been a loser of a decade for sure. Equity market returns have been well above average over the last five and ten years. The last two years have been below the long-term average.

S&P 500 Closes Its Best Quarter Since 2019 At Record High

Weekly Report: what happened at XMVM last week (0325-0329)?

S&P 500 Rockets To New High As Fed Confirms Rate Cuts Are Coming

Weekly Report: what happened at XMVM last week (0318-0322)?

One Week Left In Quarter, Q1 '24 S&P 500 Earnings Appear In Good Shape

One week left in quarter, Q1 '24 S&P 500 Earnings Appear In good shape. As of yet, there aren't very many red flags around S&p 500 earnings. Earnings growth for all but the utilities and real estate sectors are expected to be solid.

Invesco MidCap Value with Momentum ETF declares quarterly distribution of $0.1641

Invesco MidCap Value with Momentum ETF declares quarterly distribution of $0.1641. 30-Day SEC Yield of 1.03% as of Mar. 15. Payable Mar 22; for shareholders of record Mar 19; ex-div Mar 18.

S&P 500 Investors Riding A Disappointing Roller Coaster

The second week of March 2024 resembled a disappointing roller coaster ride for investors. The S&P 500 climbed to a new record high of 5,175.27 on Tuesday, 12 March 2024. The index closed at 5,117.09, a small decline from the previous week's close. A shift in expectations for how frequent interest rate cuts will be during 2024.

Weekly Report: what happened at XMVM last week (0311-0315)?

Rotation

The S&P 500 closed at overbought levels for 40 straight days through the close on 3/14. Investors have been waiting for a broadening out of the rally. Not a single sector has seen 40 or more straight closes at oversold levels for as many days.

Weekly Report: what happened at XMVM last week (0304-0308)?

2024 Elections: Do Markets Care Who's In The White House?

S&P 500 Earnings: Still Seeing Upward Revisions For S&P 500 Estimates

Oracle, Lennar and Adobe are the only names that will be of interest next week. Overall, S&P 500 EPS and earnings estimate revisions still look healthy. The forward 4-quarter estimate rose from $243.23 the week prior to $242.29 this week. The S&p 500 “earnings yield” fell 1 basis point this week to 4.72%.

Bubble Watch: S&P 500 Edition - March 5, 2024