Be in the know. 17 key reads for Sunday…

  1. The weight of evidence is on the side of the ECB’s doves (Financial Times)
  2. How DJ Khaled Overcame His Fear Of Flying And Earned $67 Million In Two Years (Forbes)
  3. Watch Brad Pitt and Jimmy Fallon Hilariously One-Up Each Other With Wild Orders (Men’s Journal)
  4. Sarah Ketterer Discusses Investment Management (Podcast) (Bloomberg)
  5. Blackstone CEO Steve Schwarzman Says Recession Is ‘Unlikely Now’ (Fortune)
  6. New land rover defender makes its long-awaited debut (designboom)
  7. ECRI Weekly Leading Index Update (AdvisorPerspectives)
  8. Episode 940: Interest Rates… Why So Negative? (NPR)
  9. Why Netflix’s Founding CEO Always Carries a Notebook (Inc.)
  10. Google Says It’s Achieved Quantum Supremacy, a World-First: Report (Gizmodo)
  11. Stitch Fix: Katrina Lake How I Built This with Guy Raz (NPR)
  12. A Kelley Blue Book for Hospitals? He’s Got a Fix for Surprise Bills (Ozy)
  13. The Rolling Stone Interview Taylor Swift (Rolling Stone)
  14. Don’t Stop Believin’, Part 2 – E&Ps Boosting Production Despite Sharp Cuts to Capital Spending (RB Energy)
  15. The Power 100 2019 (Worth)
  16. Will Ferrell, Ryan Reynolds to Star in Musical Reimagining of ‘A Christmas Carol’ (Exclusive) (Hollywood Reporter)
  17. Stocks will soar 17% through next year, market bull Ed Yardeni predicts (CNBC)

Be in the know. 15 key reads for Saturday…

  1. Hedge Fund and Insider Trading News: T. Boone Pickens, Carl Icahn, Glen Kacher, Camber Capital Management, Elliott Management, Abbvie Inc. (ABBV), Fidelity National Financial Inc (FNF), and More (Insider Monkey)
  2. Fed officials are studying whether market plumbing issues contributed to a spike in short-term lending rates this week. (Wall Street Journal)
  3. Paranoia Written All Over S&P 500 in Struggle to Get Back to Record Bloomberg)
  4. Meet Goldman Sachs’ top quant, Bankers in Portland, Alt data may not be a gold mine (Business Insider)
  5. The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities (CNBC)
  6. After the Fed’s Second Rate Cut, Hints of Another to Come (New York Times)
  7. Week in Review: How Trump’s policies moved stocks (TheFly)
  8. The Stocks Jim Chanos and Leon Cooperman Are Buying — And Shorting (Institutional Investor)
  9. Why Value Investing Works (Safal Niveshak)
  10. Why We Love to Call Everything a Bubble (Bloomberg)
  11. The Evolutionary Benefit of Friendship (Farnam Street)
  12. How to invest like Warren Buffett (CNBC)
  13. A World Without Fossil Fuels Is Approaching. But You Might Not Live Long Enough to See It. (Barron’s)
  14. McLaren GT: Introducing the World’s Most Civilized Supercar (Wall Street Journal)
  15. How Lil Nas X Inspired a New Cowboy-Hat Craze (Wall Street Journal)

3 Quarters of Negative Earnings. Bad News?

Data Source: Factset

Factset, “The estimated (year-over-year) earnings decline for Q3 2019 is -3.8%, which is below the 5-year average earnings growth rate of 7.3%. If -3.8% is the actual decline for the quarter, it will mark the first time the index has reported three straight quarters of year-over-year declines in earnings since Q4 2015 through Q2 2016. It will also mark the largest year-over-year decline in earnings reported by the index since Q1 2016 (-6.9%).” Continue reading “3 Quarters of Negative Earnings. Bad News?”