Recession Is In The Eye Of The Beholder

 July 29, 2022 |Michael Capobianco
This week marked a shift at the Fed as policymakers have abandoned forward guidance in favor of a meeting-by-meeting approach. This means policy adjustments will depend on the incoming data. As this week also showed, the incoming data might not be all...
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Earnings Season: Boom or Bust ?

 July 22, 2022 |Michael Capobianco
With the U.S. economy decelerating, Q2 corporate results should shed light on more than just earnings per share and sales data. Investors need to look deeper at the data and the clues about the path forward. With inflation raging, the Fed aggressively...
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More Evidence To Condsider

 July 15, 2022 |Michael Capobianco
As inflation soars and recession fears rise, more uncertainty is hanging over the investment landscape. As I have stated in previous notes, corporate earnings may be the next shoe to drop. U.S. inflation pushed higher yet again as the Consumer Price Index...
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The Data Continues To Confound

 July 08, 2022 |Michael Capobianco
The risks of a U.S. recession appear to be rising. For equity market performance, the more important consideration is the degree to which the market has already factored in these risks. As we examine the data from several indicators , it becomes apparent...
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