The employment report for April released on Friday indicated that there were 266,000 new jobs added, versus the approximately one million that were forecasted. Additionally, March's number was reduced by 246,000 jobs, suggesting that there are approximately one million less Americans with jobs than the consensus forecasted Thursday night. Following another week of earnings beats, the S&P 500 is now reporting an earnings growth rate for the first quarter of 49.4%, compared to an earnings growth r...
May 10, 2021•9 min
The S&P 500 reached another record high on Thursday after robust U.S. growth figures, as the first-quarter GDP expanded at 6.4%, beating estimates of a 6.1% annualized rate. That left the world's largest economy within 1% of its peak reached in late 2019, just before the coronavirus pandemic came to the U.S. The Labor Department also revealed that 553,000 new weekly jobless claims were filed in its latest report, marking another pandemic low, although still double the longer-term average rate. T...
May 03, 2021•7 min
A record 84% of companies have reported actual EPS above estimates, by a record 23.6% amount. The blended earnings growth rate for the first quarter is now 33.8% today, compared to an earnings growth rate of 30.3% last week and an earnings growth rate expectation of 23.8% at the end of the first quarter (March 31). The party on Wall Street had a sobering moment midweek when news of proposed tax increase by President Biden circulated. News of the proposal triggered sharp declines for two days on ...
Apr 26, 2021•9 min
US jobless claims plunged to 576,000 last week, their lowest level of the COVID-19 pandemic, and far lower than the consensus forecast expected of 700,000 claims. On the earnings front, a record number of companies are beating estimates by a record amount, leading to the strongest growth in over a decade. Retail inflation for March came in hotter than expected, but apparently not hot enough to burn bond investors, as yields in the Ten-Year Treasury actually declined 10 basis points to 1.57% duri...
Apr 19, 2021•7 min
Investors continued getting what they want, as well as what they need, despite some storm clouds forming on the horizon. Stocks rallied to close once again at record levels Friday, with the S&P 500 topping 4,100, as investors ignored concerns about inflation even while March core producer prices (PPI), which excludes the more short-term volatile food and energy components of the economy, increased by the most in more than nine years on an annualized basis. On the economic data front, first-time ...
Apr 12, 2021•9 min
The S&P 500 crossed over the 4,000 threshold on April Fools' Day to set another record, finishing up +1.14%. Small caps were not joking around, with the Russell 2000 gaining +1.46%, and the Tech sector pranked its detractors by bouncing +3.15%. The most significant economic release was the jobs report, which was reported on Friday when the stock market closed for the holiday. It was a very strong number. Saturday marked the first time the country reported more than four million Covid-19 vaccine ...
Apr 05, 2021•7 min
The rebound in employment is underway and will be a key driving factor for the anticipated economic recovery. It was another unusual week in the markets, with the S&P 500 gaining 1.57%, while the Nasdaq Composite declined 0.58% and the Russell 2000 fell for the fifth time in the past six weeks, losing 2.8%. The market experienced a sample of how swift and unpleasant the unwind ride can be late last week as shares of Chinese tech giants and U.S. media conglomerates plummeted on block trades by Go...
Mar 29, 2021•8 min
The Big Bad Bond Market once again bared its jagged teeth, as the yield on the Ten-Year Treasury climbed another 10 basis points to breach the 1.75% level for the first time in 14 months. The selling pressure on both stocks and bonds resumed on Thursday afternoon and Friday morning accounting for all of the weekly decline. Investors turned to the Brick House Chairman, Jerome Powell, to protect us from the huff and puff of the Big Bad Bond Market, and on Wednesday, Powell's familiar refrain of ne...
Mar 22, 2021•8 min
This is an audio recording of our weekly blog. If you are interested in subscribing to our blog, please visit nsinvest.com or email us at [email protected]. Securities are offered through Mid Atlantic Capital Corporation (MACC), a registered Broker Dealer, Member FINRA/SIPC. Advisory services offered through North Star Investment Management Corp. (NSIMC). a Registered Investment Adviser. North Star Investment Management Corp. is not a subsidiary or control affiliate of MACC. The information prov...
Mar 15, 2021•6 min
This is an audio recording of our weekly blog. If you are interested in subscribing to our blog, please visit nsinvest.com or email us at [email protected]. Securities are offered through Mid Atlantic Capital Corporation (MACC), a registered Broker Dealer, Member FINRA/SIPC. Advisory services offered through North Star Investment Management Corp. (NSIMC). a Registered Investment Adviser. North Star Investment Management Corp. is not a subsidiary or control affiliate of MACC. The information prov...
Mar 08, 2021•6 min
This is an audio recording of our weekly blog. If you are interested in subscribing to our blog, please visit nsinvest.com or email us at [email protected]. Securities are offered through Mid Atlantic Capital Corporation (MACC), a registered Broker Dealer, Member FINRA/SIPC. Advisory services offered through North Star Investment Management Corp. (NSIMC). a Registered Investment Adviser. North Star Investment Management Corp. is not a subsidiary or control affiliate of MACC. The information prov...
Mar 01, 2021•8 min
This is an audio recording of our weekly blog. If you are interested in subscribing to our blog, please visit nsinvest.com or email us at [email protected]. Securities are offered through Mid Atlantic Capital Corporation (MACC), a registered Broker Dealer, Member FINRA/SIPC. Advisory services offered through North Star Investment Management Corp. (NSIMC). a Registered Investment Adviser. North Star Investment Management Corp. is not a subsidiary or control affiliate of MACC. The information prov...
Feb 22, 2021•7 min
This is an audio recording of our weekly blog. If you are interested in subscribing to our blog, please visit nsinvest.com or email us at [email protected]. Securities are offered through Mid Atlantic Capital Corporation (MACC), a registered Broker Dealer, Member FINRA/SIPC. Advisory services offered through North Star Investment Management Corp. (NSIMC). a Registered Investment Adviser. North Star Investment Management Corp. is not a subsidiary or control affiliate of MACC. The information prov...
Feb 16, 2021•7 min
This is an audio recording of our weekly blog. If you are interested in subscribing to our blog, please visit nsinvest.com or email us at [email protected]. Securities are offered through Mid Atlantic Capital Corporation (MACC), a registered Broker Dealer, Member FINRA/SIPC. Advisory services offered through North Star Investment Management Corp. (NSIMC). a Registered Investment Adviser. North Star Investment Management Corp. is not a subsidiary or control affiliate of MACC. The information prov...
Feb 08, 2021•9 min
This is an audio recording of our weekly blog. If you are interested in subscribing to our blog, please visit nsinvest.com or email us at [email protected]. Securities are offered through Mid Atlantic Capital Corporation (MACC), a registered Broker Dealer, Member FINRA/SIPC. Advisory services offered through North Star Investment Management Corp. (NSIMC). a Registered Investment Adviser. North Star Investment Management Corp. is not a subsidiary or control affiliate of MACC. The information prov...
Feb 01, 2021•8 min
This is an audio recording of our weekly blog. If you are interested in subscribing to our blog, please visit nsinvest.com or email us at [email protected]. Securities are offered through Mid Atlantic Capital Corporation (MACC), a registered Broker Dealer, Member FINRA/SIPC. Advisory services offered through North Star Investment Management Corp. (NSIMC). a Registered Investment Adviser. North Star Investment Management Corp. is not a subsidiary or control affiliate of MACC. The information prov...
Jan 25, 2021•5 min
This is an audio recording of our weekly blog. If you are interested in subscribing to our blog, please visit nsinvest.com or email us at [email protected]. Securities are offered through Mid Atlantic Capital Corporation (MACC), a registered Broker Dealer, Member FINRA/SIPC. Advisory services offered through North Star Investment Management Corp. (NSIMC). a Registered Investment Adviser. North Star Investment Management Corp. is not a subsidiary or control affiliate of MACC. The information prov...
Jan 18, 2021•4 min
This is an audio recording of our weekly blog. If you are interested in subscribing to our blog, please visit nsinvest.com or email us at [email protected]. Securities are offered through Mid Atlantic Capital Corporation (MACC), a registered Broker Dealer, Member FINRA/SIPC. Advisory services offered through North Star Investment Management Corp. (NSIMC). a Registered Investment Adviser. North Star Investment Management Corp. is not a subsidiary or control affiliate of MACC. The information prov...
Jan 11, 2021•6 min
This is an audio recording of our weekly blog. If you are interested in subscribing to our blog, please visit nsinvest.com or email us at [email protected]. Securities are offered through Mid Atlantic Capital Corporation (MACC), a registered Broker Dealer, Member FINRA/SIPC. Advisory services offered through North Star Investment Management Corp. (NSIMC). a Registered Investment Adviser. North Star Investment Management Corp. is not a subsidiary or control affiliate of MACC. The information prov...
Jan 04, 2021•5 min
This is an audio recording of our weekly blog. If you are interested in subscribing to our blog, please visit nsinvest.com or email us at [email protected]. Securities are offered through Mid Atlantic Capital Corporation (MACC), a registered Broker Dealer, Member FINRA/SIPC. Advisory services offered through North Star Investment Management Corp. (NSIMC). a Registered Investment Adviser. North Star Investment Management Corp. is not a subsidiary or control affiliate of MACC. The information prov...
Dec 28, 2020•6 min
This is an audio recording of our weekly blog. If you are interested in subscribing to our blog, please visit nsinvest.com or email us at [email protected]. Securities are offered through Mid Atlantic Capital Corporation (MACC), a registered Broker Dealer, Member FINRA/SIPC. Advisory services offered through North Star Investment Management Corp. (NSIMC). a Registered Investment Adviser. North Star Investment Management Corp. is not a subsidiary or control affiliate of MACC. The information prov...
Dec 21, 2020•6 min
This is an audio recording of our weekly blog. If you are interested in subscribing to our blog, please visit nsinvest.com or email us at [email protected]. Securities are offered through Mid Atlantic Capital Corporation (MACC), a registered Broker Dealer, Member FINRA/SIPC. Advisory services offered through North Star Investment Management Corp. (NSIMC). a Registered Investment Adviser. North Star Investment Management Corp. is not a subsidiary or control affiliate of MACC. The information prov...
Dec 14, 2020•7 min
This is an audio recording of our weekly blog. If you are interested in subscribing to our blog, please visit nsinvest.com or email us at [email protected]. Securities are offered through Mid Atlantic Capital Corporation (MACC), a registered Broker Dealer, Member FINRA/SIPC. Advisory services offered through North Star Investment Management Corp. (NSIMC). a Registered Investment Adviser. North Star Investment Management Corp. is not a subsidiary or control affiliate of MACC. The information prov...
Dec 07, 2020•6 min
This is an audio recording of our weekly blog. If you are interested in subscribing to our blog, please visit nsinvest.com or email us at [email protected]. Securities are offered through Mid Atlantic Capital Corporation (MACC), a registered Broker Dealer, Member FINRA/SIPC. Advisory services offered through North Star Investment Management Corp. (NSIMC). a Registered Investment Adviser. North Star Investment Management Corp. is not a subsidiary or control affiliate of MACC. The information prov...
Nov 30, 2020•7 min
This is an audio recording of our weekly blog. If you are interested in subscribing to our blog, please visit nsinvest.com or email us at [email protected]. Securities are offered through Mid Atlantic Capital Corporation (MACC), a registered Broker Dealer, Member FINRA/SIPC. Advisory services offered through North Star Investment Management Corp. (NSIMC). a Registered Investment Adviser. North Star Investment Management Corp. is not a subsidiary or control affiliate of MACC. The information prov...
Nov 23, 2020•7 min
This is an audio recording of our weekly blog. If you are interested in subscribing to our blog, please visit nsinvest.com or email us at [email protected]. Securities are offered through Mid Atlantic Capital Corporation (MACC), a registered Broker Dealer, Member FINRA/SIPC. Advisory services offered through North Star Investment Management Corp. (NSIMC). a Registered Investment Adviser. North Star Investment Management Corp. is not a subsidiary or control affiliate of MACC. The information prov...
Nov 16, 2020•5 min
This is an audio recording of our weekly blog. If you are interested in subscribing to our blog, please visit nsinvest.com or email us at [email protected]. Securities are offered through Mid Atlantic Capital Corporation (MACC), a registered Broker Dealer, Member FINRA/SIPC. Advisory services offered through North Star Investment Management Corp. (NSIMC). a Registered Investment Adviser. North Star Investment Management Corp. is not a subsidiary or control affiliate of MACC. The information prov...
Nov 09, 2020•6 min
This is an audio recording of our weekly blog. If you are interested in subscribing to our blog, please visit nsinvest.com or email us at [email protected]. Securities are offered through Mid Atlantic Capital Corporation (MACC), a registered Broker Dealer, Member FINRA/SIPC. Advisory services offered through North Star Investment Management Corp. (NSIMC). a Registered Investment Adviser. North Star Investment Management Corp. is not a subsidiary or control affiliate of MACC. The information prov...
Nov 02, 2020•8 min
This is an audio recording of our weekly blog. If you are interested in subscribing to our blog, please visit nsinvest.com or email us at [email protected]. Securities are offered through Mid Atlantic Capital Corporation (MACC), a registered Broker Dealer, Member FINRA/SIPC. Advisory services offered through North Star Investment Management Corp. (NSIMC). a Registered Investment Adviser. North Star Investment Management Corp. is not a subsidiary or control affiliate of MACC. The information prov...
Oct 26, 2020•7 min
This is an audio recording of our weekly blog. If you are interested in subscribing to our blog, please visit nsinvest.com or email us at [email protected]. Securities are offered through Mid Atlantic Capital Corporation (MACC), a registered Broker Dealer, Member FINRA/SIPC. Advisory services offered through North Star Investment Management Corp. (NSIMC). a Registered Investment Adviser. North Star Investment Management Corp. is not a subsidiary or control affiliate of MACC. The information prov...
Oct 18, 2020•5 min
