Q: What is the significance of current corporate profit projections between now and 2024?A: Corporate earnings are predicted to rise significantly over the next 18 months.Q: Is there now more trouble ahead for the U.S. banking system?A: By stepping in to backstop all deposits, instead of $250k FDIC limit, at the 2 failed banks the likelihood of contagion Bank Runs appears averted.Q: Will the Federal Reserve (Fed) reverse course regarding interest rate hikes?A: By guaranteeing all deposits to Silicon Valley Bank and Signature Bank The Fed is providing liquidity instead of tightening.Q: What can the recent movement in U.S. Treasury yields tell us about 2024?A: The Yield Curve Inversion, combined with the drop in yields this week appear to indicate a return to more normal interest rates next year.SPDR S&P Regional Banking ETF (03/17/2022 – 03/17/2023)– Courtesy of Bloomberg LP
First Republic Bank/CA (03/17/2022 – 03/17/2023)– Courtesy of Bloomberg LP
Comerica Inc., Cullen/ Frost Bankers Inc., Texas Capital Bancshares Inc. (03/17/2022 – 03/17/2023)– Courtesy of Bloomberg LP
CBOE Short-Term Interest Rate Index, CBOE 10 Year Treasury Note Yield Index, CBOE 30 Year Treasury Bond Yield Index (12/30/2022 – 03/17/2023)– Courtesy of Bloomberg LP
Dow Jones Industrial Average (03/17/2022 – 03/17/2023)– Courtesy of Bloomberg LP
US Producer Price Index Finished Goods SA MOM% and US Consumer Price Index Urban Consumers MOM SA (03/31/2021 – 02/28/2023)– Courtesy of Bloomberg LP
Standard & Poor’s 500 Quarterly Earnings Per Share (03/31/2018 – 12/31/2024)– Courtesy of Standard & Poor’s and McGowanGroup Asset Management
US Producer Price Index Finished Goods NSA YOY% and US Consumer Price Index Urban Consumers YOY NSA (03/17/2021 – 02/28/2023)– Courtesy of Bloomberg LP
West Texas Intermediate Crude Oil Spot Price (03/17/2020 – 03/17/2023)– Courtesy of Bloomberg LP
Headline Round UpFDIC Averts Contagion Crisis Fully Protecting Deposits at Silicon Valley Bank and Signature Bank.Fed Loosens with $25 Billion Bank Term Funding Program.Lurking Systemic Risk of Tech Money Machine?Traders Bet No More Fed Interest Rate Hikes!Jim Cramer, CNBC Host, Awarded Double Bozo Award by NetWorth Radio!Swiss National Bank to Save Credit Suisse with $54 Billion Line of Credit!Deflation in January for the Producer Price Index.Egg Prices Decline Most Since 2020.Retail Sales Cool Off Declining in February.Healthy Jobs Report from February Plus Declining Wage Inflation.A Wealth Management Chatbot? Morgan Stanley Announces OpenAI for Advisors.$100 Oil This Year?U.S. Set to Become Largest Liquified Natural Gas (LNG) Exporter.ConocoPhillips Starts Alaska Work Hours after Willow Approval from Current Administration.Warren Buffett Adds 8 Million More Shares of Occidental Petroleum Corp. (OXY) During Downdraft This Week.Profit ReportThe End of Abundant Energy? Research Round Up!Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.Get on the free subscription list today.**PIMCO: Growing Demand, Tight Supply for Commodities in 2023.
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