Asian markets pull back after Fed’s cautious outlook


Asian markets mostly fell in early trading Thursday, following losses on Wall Street after Fed Chairman Jerome Powell said the economic recovery will be “a long road.” Japan’s Nikkei 225 NIK, -1.43% dropped 1% while Hong Kong’s Hang Seng Index HSI, -0.76% slipped 0.5%. The Shanghai Composite SHCOMP, +0.23% wasRead More →

Updating The Profits Outlook | Seeking Alpha


With the bulk of S&P 500 (SPY) companies having reported earnings for 2019, estimates for earnings per share on a bottom-up basis are about $158.5 per share. This represents a 4.6% increase over the 2018 level of $151.6 and is 27.3% above the 2017 level of $124.5. The performance alsoRead More →

Q3 Review And Outlook: Red Light Or Yellow


The third quarter was enough to make your head spin. The green light investors had in the first half flashed yellow at the start of Q3. Now, we see some red in that light after a roughly 50-basis point backup in the 10-year US Treasury yield, louder recession chatter followingRead More →