Expect Equity Market Corrections

Home Market Outlook Today's Market Expect Equity Market Corrections Apr. 23, 2024. Market corrections are a normal function of the equity market. The S&P 500 Index is now outperforming the Nasdaq 100 Index. Company outlooks will be an important indication of the year ahead.

'No Rate Cut' Bear Scares S&P 500 Into Retreat

The S&P 500 fell again during the third week of April 2024. Main driving force behind the falling level of stock prices are slipping expectations for when and by how much the Federal Reserve will cut interest rates during 2024. The index has dropped 5.5% below its record peak closing value from 28 March 2024.

S&P 500 Earnings: So Far, The Pattern Is Typical, But Mega-Cap Earnings This Week Loom Large

So far, the typical earnings pattern for the S&P 500 is showing no signs of anything amiss. The mega-caps will simply trade at lower multiples than they have in the past few years. The hallmark of any bull or bear market is P/E expansion and contraction. The top 10-12 market cap names comprise roughly 24-25% of the s&p 500’s earnings weight. Mega-Cap Earnings this week are expected to be strong.

Weekly Report: what happened at SFYX last week (0415-0419)?

Brad Simpson On Rising Iran-Israel Tensions And The Implications For Markets

Turbulence Signaled By S&P 500 Dividend Futures Arrives

Reflation Trade Is The New Bullish Narrative

Where's The Downside Tipping Point For U.S. Stocks?

S&P 500 Sees More Fallout From Delayed Rate Cut Expectations

The repercussions of delayed rate cuts continued to shake out in the U.S. Stock market in the past week. The S&P 500 dropped a little over 1.5% from where it ended the previous week to close at 5,123.41 on Friday, 12 April 2024. Bad news came in the form of diminished earning expectations for big banks. The CME Group's FedWatch Tool now projects the Fed will hold the Federal Funds Rate steady until 31 July 2024.

Q1 '24 S&P 500 Earnings (And Johnson & Johnson): Expecting Another Normal Earnings Season

The "expected" Q1 '24 S&P 500 EPS growth has fallen to +2.7% as of Friday, April 12th. The “expected” quarterly growth rates follow a typical pattern. Only 29 companies have reported their Q1 ’24 earnings so far.

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

Brad Simpson On 'Vibecession' And What It's Telling Us About Market Sentiment

Margin Debt Surges As Bulls Leverage Bets

Margin debt levels have surged as bullish investors leverage their bets in the equity market. The increase in leverage represents increased risk-taking by investors in the stock market. Margin debt is not a technical indicator for trading markets. As consumer confidence improves, so does the speculative demand for equities.

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

Algorithmic (High Frequency) Trading Rears Its Ugly Head Again

High frequency trading accounts for as much as 70% of the volume in stocks traded on the U.S. Exchange. Bill Kort says computers are scanning for good economic news and bad news for stocks. He says the downside of high frequency trading is that it creates fear and distrust in the market.

With 10-Year Treasuries At 4.4%, How High Is Too High?

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 SFYX 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.

S&P 500 And Bond Market Annual Returns; Style Box Update

Home Market Outlook Today's Market S&P 500 And Bond Market Annual Returns; Style Box Update. High-yield credit has done well in the last year in terms of absolute returns. From Jan. 2000 through March 2024, the annual return for the S&p 500 is 7.40%.