• US stocks have traded modestly higher over the past week as earnings season has commenced. Earnings results have been mixed so far although large banks have generally fared well with quarterly results broadly ahead of estimates. Market concerns about 2023’s profitability remain an issue however, as companies that lowered earnings guidance (e.g., Goldman Sachs)...Read More

• US stocks have traded flat over the past week in an environment of growing uncertainty about the health of the economy and the trajectory of Fed policy. Yesterday’s sharply lower job openings report was followed this morning by additional data suggesting that the economy may be slowing. Nevertheless, another senior Fed official spoke today...Read More