February Vital Signs: Joe Terranova highlights six market events and indicators to watch in the month ahead.
Joe Terranova offers 10 behavioral finance themes to ponder at year-end.
Joe Terranova pulls together the latest SPX earnings, metrics, and M&A activity
Joe Terranova considers potential impact of commodities on the economy, asset classes, and sectors in Q1 2015.
7 reasons why Joe Terranova expects ‘modest improvement’ for EM assets in 2015.
2015 Consensus Views: Joe Terranova shares 21 for investors to consider
Joe Terranova shares his expectations for this month’s OPEC meeting and the cartel’s future.
Why worry about Russia? Joe Terranova shares concerns for potential impact to global risk assets.
Strong margin expansion a point of emphasis in Joe Terranova’s Q3 S&P 500 earnings roundup.
Joe Terranova explains why elections matter to capital markets, especially Japan’s.
SPX CQ3 Earnings and Global M&A Update – Joe Terranova’s data round-up through October 23.
Joe Terranova’s thoughts on this week’s volatility and the next market.
Joe Terranova contemplates the U.S. 10-year Treasury yield and the reality of the current rate environment.
“Fed Taper Wasn’t a Tantrum After All” – Joe Terranova’s offers his latest market insights.
What does Midtown traffic have in common with capital markets? Joe Terranova sees an analogy.
Which asset classes may be impacted by the rising U.S. dollar? Joe Terranova discusses market implications.
It’s back to school for Wall Street observes Joe Terranova in his assessment of this week’s markets and expectations for next week.
Joe Terranova offers market insights on the August jobs report, S&P technicals, and what’s ahead for next week.
Joe Terranova comments on strong August ISM Manufacturing data.
Joe Terranova suggests some economic indicators to watch in September and why.
Joe Terranova is inspired by Warren Buffet and suggests how average investors may improve their investment outcome.
As of the close of business Thursday, August 7, 452 of S&P 500® Index (SPX) companies have reported calendar Q2 earnings.
Has the long-awaited market correction begun? Joe Terranova suggests watching these two indicators for guidance.
With volatility levels at multi-year lows, investors should feel comfortable heading for the beach to enjoy summer’s final weeks.
Within the past 24 hours, The Wall Street Journal reported that the nearly $290 billion California Public Employees’ Retirement System (CALPERS) portfolio will reduce its exposure to hedge funds (alternatives) by 40%.
What is Joe Terranova’s current view of nine investment themes he favored in December 2013?
S&P 500 CQ2 earnings from 82 companies to date, plus YTD M&A activity– Joe Terranova runs through the numbers.
Joe Terranova runs through his “All-Star” lineup of what’s ahead for the capital markets this week.
Three market conditions to watch closely, two investment ideas to consider, Joe Terranova shares with readers.
The second half of 2014 began this holiday-shortened week. Global risk assets continued to appreciate, and I would argue for good reasons.
2014 Capital Markets Summary: Joe Terranova posts mid-year performance of US and global major markets
With the calendar set to turn into the second half of 2014, let’s take a statistical snapshot of the critical economic data points for the United States.
Heading into 2014, a critical theme and potential tailwind for global capital markets was a recovery in global merger and acquisition (M&A) activity.
Joe Terranova’s mid-year portfolio insights: Strike a balance for the second half, and focus on the micro
Time to give energy the proper attention it deserves, says Joe Terranova. Read why in "Portfolio Implications: Iraq"
Ahead of the Fed: Joe Terranova offers a preview of what we might expect from this week’s FOMC meeting
Joe Terranova posts round 3 comments on today’s capital markets; the latest on ISM and US Treasury yields.
Joe Terranova looks at the “busy” week ahead for capital markets, with a focus on the euro and financials.
What does Joe Terranova think of China’s highest PMI Mfg. reading since December 2013?
Just out – Joe Terranova’s views on rising oil prices and what this potentially means for investors
Joe Terranova considers: Does Q2 outperformance of emerging markets suggest a larger 2014 bullish trend?
2014 SALT Conference “the best” Joe Terranova has ever attended.
Joe Terranova checks in on year-to-date performance of major global currency markets.
Joe Terranova comments on the release of key U.S. economic data, ISM Manufacturing and Private Payrolls.
Joe Terranova looks ahead to next week's big macro events, including much central bank activity.
Joe Terranova comments on S&P 500 Q1 earnings to date.
What does Joe Terranova make of the March FOMC minutes released yesterday?
This past Friday the Labor Department released the nonfarm payroll report for March.
The second quarter began with the U.S. ISM manufacturing release for the month of March (Figure 1). Consensus estimates called for an increase to 54.0 from February’s 53.2.
First of all, a belated happy St. Patrick’s Day. I don’t know about you, but I was eerily reminded of 2008, the last time St. Patty’s Day fell on a Monday, when markets managed through the news that J.P. Morgan paid $2 per share for Bear Stearns.
This past Tuesday, I enjoyed a wonderful journey across the country to Los Angeles, where sandwiched between the outbound and return flights was an enjoyable evening with some gracious folks from Royal Bank of Canada.
March has begun somewhat similar to January, with the S&P 500® Index (SPX) (Figure 1) entering the new month fresh from a new all-time high.
Believe or not, it is already time to begin thinking about the month of March.
Yesterday, the United States Senate voted 55-43, along party lines, to suspend the debt ceiling limit until March 15, 2015.
Last Friday, the Department of Labor released its nonfarm payroll report for the month of January.
2014 has begun with a decline in global risk assets that is shaking out some of the overwhelming bullish consensus for the year by the collective investment community.
The S&P 500® Index (SPX) staggered through the month of January, declining 3.56% to a January 31 close of 1782.59.
Quarterly earnings for S&P 500-listed companies have neared the quarter pole. Next week another 130 companies will report, bringing the earnings season to the halfway mark.
Last Thursday, I delivered the keynote address for the Alta Corp Capital Institutional Investor Conference at the Shangri-La hotel in Toronto, Ontario.
In the wake of Monday's sell-off, I posted a change to my "Global Risk Asset Correction Watch List," based on the technical vulnerability of the S&P 500® Index (SPX).
This morning I posted a “global risk asset correction watch list” within the “Reflecting Back, Looking Forward” market insight posting.
Seven days of trading activity year to date is a rather small sample of information to digest for making portfolio decisions; however, there are some conditions that have presented that bear reflection.
The new year began with the release of global manufacturing activity reports for December
I find it valuable to pause in reacting to grand macro events such as yesterday’s long awaited FOMC asset purchase moderation announcement.
Heading into this morning’s opening, there remains only eight-and-a-half trading sessions before the books close on 2013.
Last Friday morning, December 6, the Labor Department released the November nonfarm payrolls report.
Joe Terranova blogs about strength of Europe’s manufacturing data
As the final month of 2013 begins, investors have some weekend economic data from Asia to digest: the November PMI manufacturing index from China and the November trade balance report from South Korea.
As 2013 comes to a close, both the economic and asset recovery in Europe continues to defy skeptics.
On the afternoon of Wednesday, November 20, the Federal Open Market Committee (FOMC) released the minutes from its October 29-30 meeting.
On Tuesday morning, November 19, Home Depot Inc. (HD), the largest domestic home improvement retailer, reported Q3 earnings.
The S&P 500® Index (SPX) established another new all-time of 1791.53 on Thursday, November 14. Beginning Monday, November 18, there are only 30 trading days remaining in 2013.
This morning the Labor Department released the October nonfarm payrolls report. During the month of October the United States government experienced a shutdown from October 1 until October 16.
The following charts and tables are part of a capital markets presentation Joe recently gave to a group of financial advisors.
November has arrived, bringing with it the return of multiple economic data releases and an important central bank meeting in Europe.
Last Friday, October 25, the S&P 500® Index (SPX) (Figure 1) established both a new all-time closing high of 1759.77 and an intraday high of 1759.82.
Thanks to the D.C. dysfunction, the September nonfarm payroll report was released 18 days later than expected. Accordingly, the October report has been pushed back one week from Friday, November 1, to Friday, November 8.
Over the past few weeks, whether writing commentary or presenting to some of our clients, I have argued that the optimal strategy for investors was to largely ignore the D.C. dysfunction.
Markets head into Friday’s trade at historic highs and further bolstered by the overnight China Q3 GDP print of 7.8% growth, finally accelerating after Q2’s disappointing 7.5% print.
As mixed messages continue to come from the kindergarten class running D.C.’s academic institution, my attention remains focused on the messages from Q3 earnings
Past performance is not a guarantee of future results.
Virtus Investment Partners provides this communication as a matter of general information. The opinions stated herein are those of the author and not necessarily the opinions of Virtus, its affiliates or its subadvisers. Portfolio managers at Virtus make investment decisions in accordance with specific client guidelines and restrictions. As a result, client accounts may differ in strategy and composition from the information presented herein. Any facts and statistics quoted are from sources believed to be reliable, but they may be incomplete or condensed and we do not guarantee their accuracy. This communication is not an offer or solicitation to purchase or sell any security, and it is not a research report. Individuals should consult with a qualified financial professional before making any investment decisions.