The stock market’s rise this year has been exclusively due to an increase in valuations. If earnings can catch up to valuations, probabilities of a major bear market are greatly reduced.
IronBridge Insights
The Fed’s Mixed Messages
The Fed met today and kept interest rates unchanged. However, their rationale was convoluted and confusing, resulting in a number of mixed messages.
Debt Ceiling: More Smoke than Fire
Negotiations on the debt limit are heating up in Washington. What implications may it have? In our view, negotiations are mostly political posturing by both sides trying to gauge the likelihood that the “other side” will ultimately be blamed from bad things that may or may not happen as a result of not raising the […]
Et Tu Brute
After the Fed’s rate hike, regional bank executives must feel the same betrayal Julius Caesar did when murdered by his most trusted confidant. What is next for the banking crisis?
Bank Run: Silicon Valley Bank Goes Under
Today, Silicon Valley Bank became the second largest bank failure in US history. What happened and what does it mean going forward?
Recession Risks Remain High
Despite recent market strength, recession risks remain elevated. What does the data say?
Scrooged?
Major economic data is in direct conflict with an equity market that has improved recently.
Thanksgiving Appetizer Report
Just wanted to provide a quick update as everyone prepares for the holiday week. We’ll send out a more detailed report next week. Big Picture Markets have remained calm after the massive gain two weeks ago following a milder than expected inflation number. Earnings for the most part have been better than feared. Markets are […]