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Super Six Drives Solid Earnings Season | Weekly Market Commentary | March 4, 2024

Super Six Drives Solid Earnings Season | Weekly Market Commentary | March 4, 2024

After a slow start mired by messy bank results early on, corporate America picked up the pace and ended up delivering results well ahead of expectations. The “Super Six” was part of the story — the Magnificent Seven minus Tesla (TSLA) — but resilient profit margins are also noteworthy. Here we review fourth quarter earnings season and share some thoughts on the earnings outlook for 2024.

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Peering into 2024

Peering into 2024

What are we expecting from the markets in 2024? Let’s take a look. Expect surprises. No one can accurately see into the future. As we saw in 2023, expect the unexpected. We believe that having a diversified portfolio is the best way to protect yourself against market...

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Treasuries: Who’s Buying and Why It Matters | Weekly Market Commentary | February 20, 2024

Treasuries: Who’s Buying and Why It Matters | Weekly Market Commentary | February 20, 2024

As the Federal Reserve (Fed) continues with its Quantitative Tightening (QT) program, questions abound regarding the Treasury Department’s expanding funding needs. The QT program is designed to reduce the Fed’s balance sheet — now $7.7 billion down from $9 billion — after Treasury notes (mostly) were bought after economic concerns intensified during the COVID-19-related pandemic. Households and, perhaps surprisingly, foreign investors have been buyers recently, and with the amount of Treasury supply coming to market, both will need to keep buying.

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