Shaw Financial

21 Sep WHY ISN’T INFLATION HIGHER?

The Federal Reserve’s (Fed) next Federal Open Market Committee (FOMC) meeting will take place on Tuesday and Wednesday (September 19 – 20) and will be followed by the release of the FOMC policy statement on Wednesday at 2:00 p.m. ET. Along with the statement, the...

19 Sep UPDATE ON GROWTH AND VALUE STOCKS

Growth has been on a roll. Based on the Russell 3000 style indexes, growth’s 18% year-to-date gain is 14% ahead of value’s 4% advance. Looking further back, this growth outperformance is nothing new. Over the past 10 years, including the entire financial crisis period of...

31 Aug CORPORATE BEIGE BOOK: Upbeat as Expected

The LPL Research Corporate Beige Book Barometer — our measure of corporate sentiment that reflects an analysis of earnings conference call transcripts — shows that companies remained generally upbeat during the second quarter earnings season. This is hardly a surprising outcome, given actual earnings results...

22 Aug JACKSON HOLE PREVIEW

The Great American Eclipse of 2017 is now over, which may have some believing that the most exciting part of the week has passed. However, for central bank watchers, the fun isn’t over, as the Federal Reserve’s (Fed) annual Jackson Hole Symposium takes place from...

17 Aug BOTTOM LINE: IMPRESSIVE EARNINGS SEASON

Corporate America delivered another outstanding earnings season, with double-digit earnings growth, solid upside to forecasts, and generally upbeat outlooks from corporate management teams. We have been particularly impressed with the breadth of earnings gains and upside to revenue forecasts. Strong earnings continue to provide support...

10 Aug BUY THE DIP? WHAT DIP?

Buy the dip? What dip? Beyond the double-digit gains in stocks this year1 and all of the all-time highs (29 for the S&P 500 Index already this year), perhaps the biggest story for the S&P 500 in 2017 is the absence of pullbacks. Here we...

28 Jul TAX REFORM PIVOT?

Is it time for the tax reform pivot? Earnings season will get a lot of attention this week (July 24–28) with 190 S&P 500 Index companies slated to report, as will the Federal Reserve with its two-day policy meeting concluding on Wednesday, July 26 (though...