Earnings have continued to drive equity prices higher throughout the first half of February. This has occurred in the face of a variety of external threats, including ongoing domestic political upheaval and a worldwide coronavirus epidemic. As always, it is earnings that drive prices. The rest is just noise until the noise begins to impact… Read the full article.
Q4 Earnings Continue to Beat Expectations and Provide Investors with Hope: Market Commentary from Cabana’s CEO – February 11, 2020
U.S. corporate earnings continue to roll in beating expectations on both the revenue and sales side. The S&P 500 earnings growth rate remains at 8% annually, while year over year fourth quarter earnings saw an increase of 0.7% (according to FactSet). This is the first positive YOY quarterly growth in the S&P 500 since 2018…. Read the full article.
The Emotional Stock Market vs. the Wise Old Bond Market: Market Commentary from Cabana’s CEO – February 4, 2020
Last week, we discussed the coronavirus outbreak and implications it might have on markets going forward. I provided some statistics related to previous epidemics and the historical response to those by equity markets worldwide. That data is inconclusive at best. I ended the commentary by pointing out that this current medical crisis (like all worldwide events) does not… Read the full article.