Week Ending: November 6th, 2026
Manufacturing and Employment Were in the Spotlight This Week. This week kicked off with a…
Manufacturing and Employment Were in the Spotlight This Week. This week kicked off with a…
Light Week of Economic Data Highlighted Housing Struggles. A bevy of data on housing confirmed…
Inflation Remains a Problem for the Fed. Despite hopes that inflation may start to decelerate,…
First Rate Hike in Three Years Calms Bond Vigilantes for Now. The Federal Open MarketCommittee…
Inflation is Increasing Pressure on the Fed. Economic data releases were light this week given…
Mixed Week of Economic Data Highlighted by Stubborn Inflation. The week kicked off withweaker than…
Mind the Middle of the Curve! Treasury intervention to stem the yield rise at the…
Robert Shiller’s Cyclically Adjusted P/E (CAPE) may be hitting its peak as stocks grow more…
U.S. jobs growth is weakening again, but it will not likely materially impact the run…
The S&P 500’s earnings season is in full swing, and though companies are broadly and handily beating expectations, the Magnificent 7 results are stealing the show. So far, the S&P 500 is on track for a 29% earnings advance year-over-year (versus estimates for a 23.2% rise).
It’s proving to be yet another earnings season where hyperscaler spending plans are under the microscope as investor expectations are sky-high. But the difference in 2Q is that the major players that reported thus far are beginning to burn cash, inviting questions about the sustainability of future spending and exacerbating valuation concerns.
The S&P 500 has been churning in a sideways pattern for much of the summer, as a reversal of fortunes plays out beneath the headlines. The index may remain captive to dueling themes of fading enthusiasm for chip stocks and renewed tension in the Middle East in the near term.