On Thursday, October 21, the Conference Board released its September 2021 report detailing the latest reading for the Leading Economic Index (LEI), a composite of ten data series that tend to lead changes in economic activity. Many economic data points are backward-looking, but we pay special attention to the LEI, as it has a forward-looking tilt […]
U.S. and International Equities Major U.S. and International Markets Finished Higher The major equity markets finished solidly in the green this week as we head into the genesis of Q3 earnings season. The international markets, as represented by the developed markets (MSCI EAFE Index) along with the emerging markets (MSCI EM Index) finished the week […]
We have used most of the superlatives we know to describe corporate America’s stunning performances over the past two earnings seasons. Despite lofty expectations, results exceeded estimates by huge margins. We expect solid earnings gains during the upcoming third quarter earnings season, but upside surprises will almost certainly be smaller. “We think earnings growth will […]
