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Fundamentalis

Insightful market commentary from a fresh perspective.
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2025: A Very Different Year: Duration Over Credit, Value Over Growth, Int’l Over US

March 2, 2025 Brian Gilmartin Leave a comment

With 2 full months of the year completed, the SP 500 (SPY) is up +1.38% while the Barclay’s Aggregate is…

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Posted in: 10-year Treasury yield, AGG, High-Yield Credit, JMSIX (JPMorgan Income Fund), TLT

Nvidia Tonight: Here are Updated Estimate Revisions and a Look at Overall Market Sentiment

February 26, 2025 Brian Gilmartin Leave a comment

This index always catches the eye on X. This was posted last night, February 25th, 24 hours before the breathlessly-awaited…

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Posted in: Nvidia (NVDA), stock market sentiment

SP 500 Earnings: Weaker 2025 SP 500 EPS Estimates Follow Same Pattern as Late ’23, and Early ’24

February 21, 2025 Brian Gilmartin Leave a comment

This simple spreadsheet table tells the story of what’s happening with forward SP 500 estimates: the 4th quarter, ’24 was…

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Posted in: Nvidia (NVDA), Weekly Earnings Update

Walmart Earnings Preview: “Alternative Revenue Streams” and E-commerce Will Eventually Boost Margins

February 16, 2025 Brian Gilmartin Leave a comment

Walmart (WMT), the retail grocery giant, reports their fiscal Q4 ’25 financial results before the opening bell on February 20,…

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Posted in: Costco (COST), WMT

SP 500 Earnings: 2025 SP 500 EPS Estimates Continue to be Revised Lower

February 14, 2025 Brian Gilmartin Leave a comment

There is a lot of focus on the 10-year Treasury yield thanks to comments from President Trump and Treasury Secretary…

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Posted in: 10-year Treasury yield, Weekly Earnings Update

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Fundamentalis

  • Style-Box Update: Growth Still Leading Value Across Market-Caps: Zeroing in on Mid-Caps
  • SP 500 Earnings Update: The 10-year-and-Under Treasury Maturities Are Now All Below the Fed Funds Rate
  • No Question, the Monetary Policy (Interest Rate) Narrative Has Changed (For the Better)
  • Nike Earnings Preview: Some Improvement is Expected; The 7% Free-Cash-Flow Yield Helps
  • SP 500 Earnings Update: Q2 ’25 Earnings Should be Ok; The Attention Turns to Q3 ’25 Guidance

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