Tax cuts boosted earnings growth by 7–8 percentage points. Revenues (which are not impacted by the tax cuts) are tracking to a healthy 6% increase, similar to prior expectations.
Rising economic uncertainty also weighed on business and consumer confidence data.
2019 is off to a roaring start, as the S&P 500 Index gained 7.9% for its best January since 1987.
The Fed will likely pause interest rate hikes at its policy meeting this week. The Federal Reserve (Fed) meets this week, culminating in its rate decision on Wednesday, January 30…
Following last week’s rejection of Theresa May’s Brexit plan, we discuss what’s next for the United Kingdom and possible market implications…
Consensus estimates from Thomson Reuters are for a 14.5% year-over-year increase in S&P 500 earnings for the quarter…
Gross domestic product (GDP) increased 3.4% in the third quarter on an annualized basis, capping its strongest two quarters of growth in four years…
Economic trends generally improved in December, even amid some of the most significant financial market volatility of the bull market…