Market Essentials | June 14, 2024 edition

Are we partying like it’s 1999?

Read more

Americas CIO | David Bianco

David Bianco, through his Americas CIO View, offers a unique interpretation of market data and a fresh perspective on developments impacting economies, markets and investor sentiment. David’s candor and thought-provoking research could provide new and valuable insights to help you craft strategies with confidence.


Stay informed – check out the latest webinar replays and investment insights below.

Listen on demand – webinar replays

Market Essentials - chart presentation: May 2024

S&P 500 earnings season results tracker

Explore insights

Date Individual investor Registered professional
July 01, 2024
U.S. Elections 2024 & Fiscal Repair: Taxes, tariffs or a third choice?
download download
June 17, 2024
The AI speed train accelerates: Look far ahead, watch your speed
download download
June 06, 2024
Summer portfolio: Strong sun with fading liquidity, apply sunscreen
download download
May 14, 2024
Surging AI capex: Macro implications of its size and return on investment?
download download
Mar 18, 2024
New S&P 500 target of 5300: A.I. lives and it needs food and shelter
download download
Feb 23, 2024
The end of macro?: Some companies are so big they are the macro
download download
Jan 16, 2024
Equity wealth and inflation: What would Milton Friedman say?
download download
Dec 14, 2023
2024 Outlook: Long live this faint cycle or bumps toward a new one?
download download
Oct 30, 2023
Different leagues: Great Eight vs. great expectations, S&P 492 vs. bonds
download download
Oct 04, 2023
What interest rate will bring fiscal discipline to Washington?
download download
Sep 19, 2023
Not Goldilocks for Stocks: Job market still too hot, profit growth still too cold
download download
Aug 16, 2023
Exploring other schools of thought: All schools out for summer?
download download
Jul 25, 2023
Growth at any price?: Tech investors pay 1999 growth premiums again
download download
Jun 16, 2023
Capex: A corporate confidence signal  
download download
Jun 02, 2023
Stubborn inflation, deteriorating US fiscal health to curb bonds and stocks 
download download
May 30, 2023
No ceiling, no landing: 3-5% inflation cruising altitude 
download download
May 15, 2023
Surviving tribulations of beta management: Be patient and busy elsewhere 
download download
Apr 24, 2023
Companies are preparing for a recession: How about you? 
download download
Mar 29, 2023
Washer set to deep clean: Beware alternating rotations, drain could reopen 
download download
Mar 22, 2023
Getting Past the Panic: Mend capital availability, then capital costs 
download download
Mar 15, 2023
Further tightening required: Fed Funds rate exceeding 5% raises many risks 
download download
Feb 21, 2023
Manufacturing & Digital recession = S&P 500 profit recession, but not for jobs
download download
Jan 30, 2023
Super profits of 2021-2022: New norms or exceptional circumstances?
download download
Jan 23, 2023
A long year ahead and opportunity cash now pays interest: Be patient!
download download
Dec 12, 2022
2023 Outlook: It hinges on how inflation comes down and peace is found
download download
Nov 15, 2022
The illusions and confusions of inflation: It’s dangerous to let them linger
download download
Nov 02, 2022
This is scary: Slowing rate hikes risks a higher terminal rate or worse
download download
Oct 12, 2022
Real yields rise into pre financial crisis range; must recalculate fair PEs
download download
Sep 27, 2022
PE Risks: Rising rates, falling margins. How normal is 2022 S&P EPS?
download download
Sep 06, 2022
Capex as long-term prospects signal: Boom at digital, not physical industries
download download
Aug 24, 2022
Further Fed tightening and small recession ahead limit equity upside
download download
Jul 19, 2022
Fed is taking elevator up, S&P EPS will take stairs down
download download
Jul 04, 2022
The pre pandemic rollback: Where justified, overdone or more to go
download download
Date Individual investor Registered professional
July 01, 2024
U.S. Elections 2024 & Fiscal Repair: Taxes, tariffs or a third choice?
download download
June 17, 2024
The AI speed train accelerates: Look far ahead, watch your speed
download download
June 06, 2024
Summer portfolio: Strong sun with fading liquidity, apply sunscreen
download download
May 14, 2024
Surging AI capex: Macro implications of its size and return on investment?
download download
Mar 18, 2024
New S&P 500 target of 5300: A.I. lives and it needs food and shelter
download download
Feb 23, 2024
The end of macro?: Some companies are so big they are the macro
download download
Jan 16, 2024
Equity wealth and inflation: What would Milton Friedman say?
download download
Date Individual investor Registered professional
Dec 14, 2023
2024 Outlook: Long live this faint cycle or bumps toward a new one?
download download
Oct 30, 2023
Different leagues: Great Eight vs. great expectations, S&P 492 vs. bonds
download download
Oct 04, 2023
What interest rate will bring fiscal discipline to Washington?
download download
Sep 19, 2023
Not Goldilocks for Stocks: Job market still too hot, profit growth still too cold
download download
Aug 16, 2023
Exploring other schools of thought: All schools out for summer?
download download
Jul 25, 2023
Growth at any price?: Tech investors pay 1999 growth premiums again
download download
Jun 16, 2023
Capex: A corporate confidence signal  
download download
Jun 02, 2023
Stubborn inflation, deteriorating US fiscal health to curb bonds and stocks 
download download
May 30, 2023
No ceiling, no landing: 3-5% inflation cruising altitude 
download download
May 15, 2023
Surviving tribulations of beta management: Be patient and busy elsewhere 
download download
Apr 24, 2023
Companies are preparing for a recession: How about you? 
download download
Mar 29, 2023
Washer set to deep clean: Beware alternating rotations, drain could reopen 
download download
Mar 22, 2023
Getting Past the Panic: Mend capital availability, then capital costs 
download download
Mar 15, 2023
Further tightening required: Fed Funds rate exceeding 5% raises many risks 
download download
Feb 21, 2023
Manufacturing & Digital recession = S&P 500 profit recession, but not for jobs
download download
Jan 30, 2023
Super profits of 2021-2022: New norms or exceptional circumstances?
download download
Jan 23, 2023
A long year ahead and opportunity cash now pays interest: Be patient!
download download
Date Individual investor Registered professional
Dec 12, 2022
2023 Outlook: It hinges on how inflation comes down and peace is found
download download
Nov 15, 2022
The illusions and confusions of inflation: It’s dangerous to let them linger
download download
Nov 02, 2022
This is scary: Slowing rate hikes risks a higher terminal rate or worse
download download
Oct 12, 2022
Real yields rise into pre financial crisis range; must recalculate fair PEs
download download
Sep 27, 2022
PE Risks: Rising rates, falling margins. How normal is 2022 S&P EPS?
download download
Sep 06, 2022
Capex as long-term prospects signal: Boom at digital, not physical industries
download download
Aug 24, 2022
Further Fed tightening and small recession ahead limit equity upside
download download
Jul 19, 2022
Fed is taking elevator up, S&P EPS will take stairs down
download download
Jul 04, 2022
The pre pandemic rollback: Where justified, overdone or more to go
download download
Date Registered professional
July 1, 2024
U.S. Elections 2024 & Fiscal Repair: Taxes, tariffs or a third choice?
download
Jun 17, 2024
The AI speed train accelerates: Look far ahead, watch your speed
download
Jun 06, 2024
Summer portfolio: Strong sun with fading liquidity, apply sunscreen
download
May 14, 2024
Surging AI capex: Macro implications of its size and return on investment?
download
Mar 18, 2024
New S&P 500 target of 5300: A.I. lives and it needs food and shelter
download
Feb 23, 2024
The end of macro?: Some companies are so big they are the macro
download
Jan 16, 2024
Equity wealth and inflation: What would Milton Friedman say?
download
Dec 14, 2023
2024 Outlook: Long live this faint cycle or bumps toward a new one?
download
Oct 30, 2023
Different leagues: Great Eight vs. great expectations, S&P 492 vs. bonds
download
Oct 04, 2023
What interest rate will bring fiscal discipline to Washington?
download
Sep 19, 2023
Not Goldilocks for Stocks: Job market still too hot, profit growth still too cold
download
Aug 16, 2023
Exploring other schools of thought: All schools out for summer?
download
Jul 25, 2023
Growth at any price?: Tech investors pay 1999 growth premiums again
download
Jun 16, 2023
Capex: A corporate confidence signal  
download
Jun 02, 2023
Stubborn inflation, deteriorating US fiscal health to curb bonds and stocks 
download
May 30, 2023
No ceiling, no landing: 3-5% inflation cruising altitude 
download
May 15, 2023
Surviving tribulations of beta management: Be patient and busy elsewhere 
download
Apr 24, 2023
Companies are preparing for a recession: How about you? 
download
Mar 29, 2023
Washer set to deep clean: Beware alternating rotations, drain could reopen 
download
Mar 22, 2023
Getting Past the Panic: Mend capital availability, then capital costs 
download
Mar 15, 2023
Further tightening required: Fed Funds rate exceeding 5% raises many risks 
download
Feb 21, 2023
Manufacturing & Digital recession = S&P 500 profit recession, but not for jobs
download
Jan 30, 2023
Super profits of 2021-2022: New norms or exceptional circumstances?
download
Jan 23, 2023
A long year ahead and opportunity cash now pays interest: Be patient!
download
Dec 12, 2022
2023 Outlook: It hinges on how inflation comes down and peace is found
download
Nov 15, 2022
The illusions and confusions of inflation: It’s dangerous to let them linger
download
Nov 02, 2022
This is scary: Slowing rate hikes risks a higher terminal rate or worse
download
Oct 12, 2022
Real yields rise into pre financial crisis range; must recalculate fair PEs
download
Sep 27, 2022
PE Risks: Rising rates, falling margins. How normal is 2022 S&P EPS?
download
Sep 06, 2022
Capex as long-term prospects signal: Boom at digital, not physical industries
download
Aug 24, 2022
Further Fed tightening and small recession ahead limit equity upside
download
Jul 19, 2022
Fed is taking elevator up, S&P EPS will take stairs down
download
Jul 04, 2022
The pre pandemic rollback: Where justified, overdone or more to go
download
Date Registered professional
July 1, 2024
U.S. Elections 2024 & Fiscal Repair: Taxes, tariffs or a third choice?
download
Jun 17, 2024
The AI speed train accelerates: Look far ahead, watch your speed
download
Jun 06, 2024
Summer portfolio: Strong sun with fading liquidity, apply sunscreen
download
May 14, 2024
Surging AI capex: Macro implications of its size and return on investment?
download
Mar 18, 2024
New S&P 500 target of 5300: A.I. lives and it needs food and shelter
download
Feb 23, 2024
The end of macro?: Some companies are so big they are the macro
download
Jan 16, 2024
Equity wealth and inflation: What would Milton Friedman say?
download
Date Registered professional
Dec 14, 2023
2024 Outlook: Long live this faint cycle or bumps toward a new one?
download
Oct 30, 2023
Different leagues: Great Eight vs. great expectations, S&P 492 vs. bonds
download
Oct 04, 2023
What interest rate will bring fiscal discipline to Washington?
download
Sep 19, 2023
Not Goldilocks for Stocks: Job market still too hot, profit growth still too cold
download
Aug 16, 2023
Exploring other schools of thought: All schools out for summer?
download
Jul 25, 2023
Growth at any price?: Tech investors pay 1999 growth premiums again
download
Jun 16, 2023
Capex: A corporate confidence signal  
download
Jun 02, 2023
Stubborn inflation, deteriorating US fiscal health to curb bonds and stocks 
download
May 30, 2023
No ceiling, no landing: 3-5% inflation cruising altitude 
download
May 15, 2023
Surviving tribulations of beta management: Be patient and busy elsewhere 
download
Apr 24, 2023
Companies are preparing for a recession: How about you? 
download
Mar 29, 2023
Washer set to deep clean: Beware alternating rotations, drain could reopen 
download
Mar 22, 2023
Getting Past the Panic: Mend capital availability, then capital costs 
download
Mar 15, 2023
Further tightening required: Fed Funds rate exceeding 5% raises many risks 
download
Feb 21, 2023
Manufacturing & Digital recession = S&P 500 profit recession, but not for jobs
download
Jan 30, 2023
Super profits of 2021-2022: New norms or exceptional circumstances?
download
Jan 23, 2023
A long year ahead and opportunity cash now pays interest: Be patient!
download
Date Registered professional
Dec 12, 2022
2023 Outlook: It hinges on how inflation comes down and peace is found
download
Nov 15, 2022
The illusions and confusions of inflation: It’s dangerous to let them linger
download
Nov 02, 2022
This is scary: Slowing rate hikes risks a higher terminal rate or worse
download
Oct 12, 2022
Real yields rise into pre financial crisis range; must recalculate fair PEs
download
Sep 27, 2022
PE Risks: Rising rates, falling margins. How normal is 2022 S&P EPS?
download
Sep 06, 2022
Capex as long-term prospects signal: Boom at digital, not physical industries
download
Aug 24, 2022
Further Fed tightening and small recession ahead limit equity upside
download
Jul 19, 2022
Fed is taking elevator up, S&P EPS will take stairs down
download
Jul 04, 2022
The pre pandemic rollback: Where justified, overdone or more to go
download
Date Individual investor
July 01, 2024
U.S. Elections 2024 & Fiscal Repair: Taxes, tariffs or a third choice?
download
June 17, 2024
The AI speed train accelerates: Look far ahead, watch your speed
download
June 06, 2024
Summer portfolio: Strong sun with fading liquidity, apply sunscreen
download
May 14, 2024
Surging AI capex: Macro implications of its size and return on investment?
download
Mar 18, 2024
New S&P 500 target of 5300: A.I. lives and it needs food and shelter
download
Feb 23, 2024
The end of macro?: Some companies are so big they are the macro
download
Jan 16, 2024
Equity wealth and inflation: What would Milton Friedman say?
download
Dec 14, 2023
2024 Outlook: Long live this faint cycle or bumps toward a new one?
download
Oct 30, 2023
Different leagues: Great Eight vs. great expectations, S&P 492 vs. bonds
download
Oct 04, 2023
What interest rate will bring fiscal discipline to Washington?
download
Sep 19, 2023
Not Goldilocks for Stocks: Job market still too hot, profit growth still too cold
download
Aug 16, 2023
Exploring other schools of thought: All schools out for summer?
download
Jul 25, 2023
Growth at any price?: Tech investors pay 1999 growth premiums again
download
Jun 16, 2023
Capex: A corporate confidence signal  
download
Jun 02, 2023
Stubborn inflation, deteriorating US fiscal health to curb bonds and stocks 
download
May 30, 2023
No ceiling, no landing: 3-5% inflation cruising altitude 
download
May 15, 2023
Surviving tribulations of beta management: Be patient and busy elsewhere 
download
Apr 24, 2023
Companies are preparing for a recession: How about you? 
download
Mar 29, 2023
Washer set to deep clean: Beware alternating rotations, drain could reopen 
download
Mar 22, 2023
Getting Past the Panic: Mend capital availability, then capital costs 
download
Mar 15, 2023
Further tightening required: Fed Funds rate exceeding 5% raises many risks 
download
Feb 21, 2023
Manufacturing & Digital recession = S&P 500 profit recession, but not for jobs
download
Jan 30, 2023
Super profits of 2021-2022: New norms or exceptional circumstances?
download
Jan 23, 2023
A long year ahead and opportunity cash now pays interest: Be patient!
download
Dec 12, 2022
2023 Outlook: It hinges on how inflation comes down and peace is found
download
Nov 15, 2022
The illusions and confusions of inflation: It’s dangerous to let them linger
download
Nov 02, 2022
This is scary: Slowing rate hikes risks a higher terminal rate or worse
download
Oct 12, 2022
Real yields rise into pre financial crisis range; must recalculate fair PEs
download
Sep 27, 2022
PE Risks: Rising rates, falling margins. How normal is 2022 S&P EPS?
download
Sep 06, 2022
Capex as long-term prospects signal: Boom at digital, not physical industries
download
Aug 24, 2022
Further Fed tightening and small recession ahead limit equity upside
download
Jul 19, 2022
Fed is taking elevator up, S&P EPS will take stairs down
download
Jul 04, 2022
The pre pandemic rollback: Where justified, overdone or more to go
download
Date Individual investor
July 01, 2024
U.S. Elections 2024 & Fiscal Repair: Taxes, tariffs or a third choice?
download
June 17, 2024
The AI speed train accelerates: Look far ahead, watch your speed
download
June 06, 2024
Summer portfolio: Strong sun with fading liquidity, apply sunscreen
download
May 14, 2024
Surging AI capex: Macro implications of its size and return on investment?
download
Mar 18, 2024
New S&P 500 target of 5300: A.I. lives and it needs food and shelter
download
Feb 23, 2024
The end of macro?: Some companies are so big they are the macro
download
Jan 16, 2024
Equity wealth and inflation: What would Milton Friedman say?
download
Date Individual investor
Dec 14, 2023
2024 Outlook: Long live this faint cycle or bumps toward a new one?
download
Oct 30, 2023
Different leagues: Great Eight vs. great expectations, S&P 492 vs. bonds
download
Oct 04, 2023
What interest rate will bring fiscal discipline to Washington?
download
Sep 19, 2023
Not Goldilocks for Stocks: Job market still too hot, profit growth still too cold
download
Aug 16, 2023
Exploring other schools of thought: All schools out for summer?
download
Jul 25, 2023
Growth at any price?: Tech investors pay 1999 growth premiums again
download
Jun 16, 2023
Capex: A corporate confidence signal  
download
Jun 02, 2023
Stubborn inflation, deteriorating US fiscal health to curb bonds and stocks 
download
May 30, 2023
No ceiling, no landing: 3-5% inflation cruising altitude 
download
May 15, 2023
Surviving tribulations of beta management: Be patient and busy elsewhere 
download
Apr 24, 2023
Companies are preparing for a recession: How about you? 
download
Mar 29, 2023
Washer set to deep clean: Beware alternating rotations, drain could reopen 
download
Mar 22, 2023
Getting Past the Panic: Mend capital availability, then capital costs 
download
Mar 15, 2023
Further tightening required: Fed Funds rate exceeding 5% raises many risks 
download
Feb 21, 2023
Manufacturing & Digital recession = S&P 500 profit recession, but not for jobs
download
Jan 30, 2023
Super profits of 2021-2022: New norms or exceptional circumstances?
download
Jan 23, 2023
A long year ahead and opportunity cash now pays interest: Be patient!
download
Date Individual investor
Dec 12, 2022
2023 Outlook: It hinges on how inflation comes down and peace is found
download
Nov 15, 2022
The illusions and confusions of inflation: It’s dangerous to let them linger
download
Nov 02, 2022
This is scary: Slowing rate hikes risks a higher terminal rate or worse
download
Oct 12, 2022
Real yields rise into pre financial crisis range; must recalculate fair PEs
download
Sep 27, 2022
PE Risks: Rising rates, falling margins. How normal is 2022 S&P EPS?
download
Sep 06, 2022
Capex as long-term prospects signal: Boom at digital, not physical industries
download
Aug 24, 2022
Further Fed tightening and small recession ahead limit equity upside
download
Jul 19, 2022
Fed is taking elevator up, S&P EPS will take stairs down
download
Jul 04, 2022
The pre pandemic rollback: Where justified, overdone or more to go
download

CIO View