The Big Picture

AUGUST 5, 2022

My end-of-week morning train WFH reads: • The stock market can be an emotional roller coaster. All of the confusion results from turning the economy off and back on again. It shouldn’t be. There’s how you think about investment risk — and then how you feel about it. ( Gen Z Knows What It Wants From Employers. And Employers Want Them.

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License Economics Banking Economy 289

The Big Picture

MAY 1, 2023

The Federal Reserve is struggling to cool inflation further without damaging the economy. Barron’s ) • The Bear Market’s Survivors Share Their Biggest Lessons : With the S&P 500 in the longest bear market since 1973, individual investors maneuver differently from just months ago. The Risk of a Misstep Is Growing.

Math 288

Math License Economy Numbers 288

Abnormal Returns

FEBRUARY 20, 2024

Markets What's driving stock market returns? awealthofcommonsense.com) Just how sticky is the $6 trillion sitting in money market mutual funds? hollywoodreporter.com) Disney ($DIS) is a winner when it comes to licensing content. snippet.finance) Global How Russia continues to sell its oil on the global market.

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License Financial Advising Media Economy 147

The Big Picture

OCTOBER 7, 2024

My back from vacay morning reads: • Pandemic Start-Ups Are Thriving, and Helping to Fuel the Economy : A record surge in new businesses has helped drive job growth, and could have longer-term benefits. ( The firm is a market- and factor-neutral, long/short hedge fund focused on health-care companies. The question isn’t new.

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Electronics Recruitment License Healthcare 147

The Big Picture

FEBRUARY 16, 2023

My morning train WFH reads: • Five Clues This Isn’t Just a Bear Market Rally : The S&P 500 is up 17% from the October lows, the same magnitude as the 17% rally we saw last summer. Carson ) • Don’t believe what anyone says about the economy. Zoomers are shunning cars and driver’s licenses. Including me. Will it last?

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License Economy Numbers Communication 147

James Hendries

AUGUST 23, 2022

As the housing market slowed, so did prices. However, homes do not stay on the market long. Over the last two months, homes were on the market for an average of only 14 days, three days shorter than a year ago. Outside of the onset of the pandemic, July levels were the lowest since late 2015 when the real estate market was.

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Marketing Marketing Sales Economy 98

James Hendries

AUGUST 3, 2022

These days a Federal Reserve (Fed) policy meeting alone gets a lot of headlines and has market participants on the edge of their seats. Here’s the good news: Markets liked it. Here’s the good news: Markets liked it. Fed Meeting Recap: Market Gets a Whiff of a Pivot. if the labor market remains stable.

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Marketing Marketing Economy Valuation 98

Trade Brains

APRIL 12, 2023

List of Key terms in share market to learn: After learning the basic rules in billiards, a game I’ve wanted to play forever, I was thrown into a conversation at the table where half of the lingo flew straight over my head. What is the Stock Market? What is the Stock Market? did not make it any easier. Let’s get started !

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Marketing Marketing Accounting Investing 98

James Hendries

JULY 13, 2022

Markets rarely give us clear skies, and there are always threats to watch for on the horizon, but the right preparation, context, and support can help us navigate anything that may lie ahead. How businesses, households, and central banks steer through the rough air will set the tone for markets over the second half of 2022.

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James Hendries

SEPTEMBER 13, 2022

The key to getting the market back into balance is a bigger labor force, and the economy is starting to experience a larger labor force as individuals come off the sidelines and rejoin the job market. Members of the Federal Open Market Committee (FOMC) recently issued warnings that the path to lower inflation will be painful.

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Marketing Marketing Economy Valuation 52

James Hendries

MARCH 6, 2023

Suggesting an economy makes “no landing” makes no sense. Economic activity does not stop like an airplane eventually does, but rather the economy will settle into a steady state where growth is consistent with factors such as population and productivity. Analogies eventually break down, especially this one. Why The “Landing” Analogy?

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Marketing Marketing Economy Economics 52

James Hendries

JUNE 20, 2023

As the economy is likely downshifting, investors should take heed that the Federal Reserve’s (Fed) current stance is eerily similar to early 2007. During that time, the Fed held a tightening bias since they believed the housing market was stabilizing, the economy would continue to expand, and inflation risks remained.

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Marketing Marketing Economy Communication 52

James Hendries

AUGUST 15, 2022

Dear Valued Investor, Last week was epic for market-watchers. Whether markets may have gotten a little ahead of themselves remains to be seen, but in the past six weeks, nearly three quarters of a percent has come out of the market’s expectation for the peak fed funds rate (the short term rate controlled by the Fed to affect monetary policy).

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Trade Brains

SEPTEMBER 22, 2023

An SFBs main aim is to develop a market to promote a credit market to provide loans to MSMEs, among other lending services. It is licensed under the Banking Regulation Act, to carry out small finance bank business. The credit market for these loans remained strong followed by an equivalent growth in deposits. a year ago.

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James Hendries

AUGUST 15, 2022

The market pundits remain intensely focused on the question of whether the U.S. economy is in or about to enter recession, so we thought a piece on what a recession might mean for the stock market would be of interest. Trends give a wider context for the labor market. Participation rates are below pre-pandemic levels.

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Marketing Marketing Economy Valuation 52

James Hendries

AUGUST 15, 2022

After this rebound, the key question investors are asking is whether this is a bear market rally that will soon fizzle or the start of a new bull market. There’s too much uncertainty to have a high conviction view right now, but we do believe the odds have risen that a new bull market has begun. Encouraging Signs.

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Marketing Marketing Economy Valuation 52

James Hendries

OCTOBER 25, 2022

economy enters a recession, the causes and potential outcome will be hotly debated. Diffusion describes an economy that has experienced a contraction in a wide range of sectors, such as trade, business activity, and consumer spending. Third and most importantly, recessions historically have not perfectly coincided with market declines.

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Marketing Marketing Economics Economy 52

Trade Brains

FEBRUARY 14, 2024

In 2015, the company acquired a 100% stake in Titagarh Firema SpA, an Italian company, which aided its entry into the Italian market and increased its expertise in manufacturing passenger rolling stock. to the country’s GDP by building infrastructure to support 45% of the modal freight share of the economy. 2019-20 0.36 -0.48

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James Hendries

JULY 3, 2023

The long dormant capital markets have recently begun showing signs of interest from institutional investors and deal makers anxious to bring companies to market. Given the country’s unique characteristics in nurturing innovation and technological leadership, the role of capital markets is crucial in maintaining hegemony.

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Marketing Marketing Banking Valuation 52

James Hendries

NOVEMBER 1, 2022

With a series of important economic indicators suggesting the economy is declining and inflation is finally decelerating, albeit very slowly, markets are beginning to factor in that the Fed may soon transition to a less aggressive stance in early 2023. The Economy Slows But Inflation Follows Too Slowly. economy grew at a 2.6%

Marketing 52

Marketing Marketing Manufacturing Economy 52

James Hendries

JANUARY 13, 2023

Investors have been carefully dissecting Federal Reserve (Fed) officials’ words for decades, and depending on the composition of the Federal Open Market Committee (FOMC), its bark is often worse than its bite. At the start of 2022, markets expected the upper bound of the fed funds rate to stay below 1%. Caveat emptor.

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Marketing Marketing Valuation Banking 52

James Hendries

OCTOBER 11, 2022

Markets are currently pricing in another 75-basis point rate hike at the November 2 Fed meeting as calls for the Fed to halt its aggressive campaign are mounting. Where there is legitimate concern, however, is that amid a more challenging market backdrop, the firm will have a difficult job raising capital at attractive rates.

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Marketing Marketing Banking Government 52

James Hendries

OCTOBER 4, 2022

Given the country’s weak economy, due in large part to stringent zero-COVID-19 measures that have led to strict and prolonged lockdowns, coupled with a debt-laden property market, authorities in Beijing and throughout the Chinese provinces will need to focus on reviving the country’s economic underpinning. At the same time, U.S.

Marketing 52

Marketing Marketing Economy Economics 52

James Hendries

JANUARY 31, 2023

Of course, the market is also forward-looking, with expectations for falling inflation and a less hawkish Federal Reserve (Fed) as we progress into 2023. equity markets by year-end. For background, market seasonality is premised on the adage of ‘history doesn’t repeat, but it often rhymes.’

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Marketing Marketing Valuation Insurance 52

James Hendries

JANUARY 26, 2023

The latest episode of the debate between stock market bulls and bears has gotten more interesting. Topic 1: Economy Bull case: Consumer is resilient, the labor market is strong, wages are rising, and inflation is coming down steadily. Background: The market maxim of ‘Don’t fight the Fed’ has proven prescient once again.

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Marketing Marketing Economy Economics 52

James Hendries

JANUARY 20, 2023

As always, guidance matters more as market participants look forward. economy grew at a solid 3.2% and European economies, currency effects, and some mitigation of profit margin pressures from cost controls and lower inflation. economy may “muddle through” and skirt recession. And don’t forget the U.S.

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Marketing Marketing Economy Banking 52

Investing Caffeine

MARCH 1, 2023

I haven’t received my pilot’s license yet, but in trying to figure out whether the economy is heading for a hard landing, soft landing, or no landing, I’m planning to enroll in flight school soon! The stock market has stabilized and risen since last October (S&P +13.7%) but has also hit a temporary air pocket last month (-2.6%).

Economy 59

Economy Economics License CFP 59

James Hendries

MARCH 13, 2023

For the “no landing” crowd thinking strong consumer spending and low unemployment would keep this economy growing until the inflation fight is won, they now have to consider signs of stress in the banking system after the failure of SVB Financial (commonly known as Silicon Valley Bank). equities, as shown in Figure 3.

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Assets Marketing Marketing Asset Allocation 52

James Hendries

FEBRUARY 27, 2023

While concerns about the debt ceiling have been increasing, markets, businesses, and the economy are likely to see only minimal impact until we are days, or maybe a few weeks, from the “x date,” the date on which the federal government will no longer be able to meet all its obligations, likely in the summer or early fall.

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Marketing Marketing Government Economy 52

James Hendries

JULY 21, 2022

Markets rarely give us clear skies, and there are always threats to watch for on the horizon, but the right preparation, context, and support can help us navigate anything that may lie ahead. How businesses, households, and central banks steer through the rough air will set the tone for markets over the second half of 2022.

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Management Marketing Marketing Valuation 52

James Hendries

SEPTEMBER 20, 2022

Inflationary dynamics continue to surprise to the upside, and markets now expect the Fed to pursue one of its most aggressive rate hiking campaign in years. Last week’s higher than expected inflation report was a game-changer for the Federal Reserve (Fed) and bond markets. Moreover, markets expect the fed funds rate to get to 4.5%

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Marketing Marketing Banking Economy 52

James Hendries

SEPTEMBER 7, 2022

The labor market is moving in the right direction for policy makers. An uptick in unemployment along with a modest increase in the participation rate means that the labor market in August was less tight than it was in July. If the S&P 500 breaks down from 3,900, the next key level is the bear market low of 3,666 reached on June 16.

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Marketing Marketing Valuation Insurance 52

James Hendries

OCTOBER 18, 2022

With expectations so low coming into this reporting season, markets could get a boost if earnings were just flat without energy. economy in mid-March, 62% of S&P 500 companies beat estimates, and aggregate earnings were within one percentage point of expectations. There are Some Positives.

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Marketing Marketing Valuation Economics 52

James Hendries

JUNE 26, 2023

We know it’s old news at this point, but on June 8, 2023, the S&P 500 entered a new bull market. A look at the charts suggests this market may be due for a pause. Bull markets are not linear. After such a strong rally off the October lows, this young bull probably needs a breather.

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Marketing Marketing Asset Allocation Valuation 52

James Hendries

DECEMBER 4, 2022

In this week’s Weekly Market Commentary we share insights on publicly traded retailers, analyze their underperformance year to date, and look forward to 2023. Forward-looking sales estimates paint a more subdued picture, which makes sense given the macro headwinds facing the economy and the consumer. over the last 20 years, pre-2020.

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James Hendries

DECEMBER 12, 2022

Whether it’s about the markets and global economy or what’s happening in our local communities, the news we’re hearing on a daily basis has the potential to disrupt the balance of our lives. Stock market expectations may also see some realignment heading into 2023. Investing involves risks including possible loss of principal.

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Brown Advisory

MARCH 18, 2022

CIO Perspectives Webinar, 2022 Asset Allocation Outlook mhannan Fri, 03/18/2022 - 06:42 Markets have been unsteady at the start of 2022, driven by geopolitical tensions, inflation, and concerns about equity valuations. ESG considerations that are material will vary by investment style, sector/industry, market trends and client objectives.

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Asset Allocation Assets License Investing 52