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Insightful market commentary from a fresh perspective.
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Sold FedEx: Owned the Brand for Years; Defense and Some Old Tech Names Offer Better Opportunity

December 25, 2024 Brian Gilmartin Leave a comment

Last Friday morning, December 20, 2024, FedEx (FDX) was trading up $22 near $299 per share, after reporting their fiscal…

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Posted in: FDX

Nike Earnings Summary: Undervalued by 25% – 30%, But Wow has the Brand Dug Itself a Huge Hole

December 23, 2024 Brian Gilmartin Leave a comment

Nike reported their fiscal Q2 ’25 financial results last Thursday night, December 19th, ’24, and despite the tough guidance for…

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Posted in: NKE

SP 500 Earnings: The Incredibly-Strong US Dollar Needs to Gradually Weaken

December 22, 2024 Brian Gilmartin Leave a comment

Usually this blog sees more frequent posts and updates on a whole spate of investment areas and topics, but an…

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Posted in: 10-year Treasury yield, DXY, UUP Filed under: DXY

FOMC Release & Micron Earnings Preview: Macro and Micro

December 18, 2024 Brian Gilmartin Leave a comment

The last FOMC announcement of 2024 is coming in a few hours. Here’s what the current fed funds futures market…

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Posted in: 10-year Treasury yield, CME fed funds futures, FOMC meeting, Monetary policy, mu

SP 500 Earnings: The Fallacy of Valuation and Non-US Investments

December 9, 2024 Brian Gilmartin Leave a comment

Credit spreads – quite remarkably – continue to tighten, as high-yield credit spreads, which peaked in mid-September ’24 (per the…

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Posted in: International (Non-US), US Dollar, US vs Non US markets, Weekly Earnings Update

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Fundamentalis

  • Inflation Expectations vs. 10-year Treasury Yield – the (2nd) Great Conundrum
  • Fixed-Income Annual Returns and Falling Crude Oil Prices
  • International Returns Starting to Shine, But Probably Not Like March, 2000 through 2007
  • Big Jump in Q1 ’25 SP 500 EPS: “Upside Surprise” for Q1 ’25 is +7%
  • SP 500 Earnings: Updating Q2 ’25 EPS Trends / Q1 ’25 Earnings Look Great

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