Hints and tips:
...Meanwhile, email us: robert.armstrong@ft.com and ethan.wu@ft.com. Why aren’t earnings estimates higher? This is a robust economy....
...In the latest March 2024 CPI report, shelter inflation rose 0.42 per cent, in line with where it’s been since March 2023....
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com. CPI: stuck If three data points make a trend, then US inflation looks stuck at 3 per cent....
...But you can still email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...I was indicating that I’m not certain about my answer by the fact that my tone rose at the end of the answer, in case you guys didn’t catch that....
...Using FactSet’s trailing 12-month data, S&P operating margins rose from 12 per cent at the start of 2021 to nearly 15 per cent by year-end....
...Email us your chocolate alternatives: robert.armstrong@ft.com and ethan.wu@ft.com....
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...Yields on the two-year Treasury rose nearly two-tenths of a per cent, its biggest one-day move since last March. The S&P 500 fell about 1.5 per cent. Meanwhile, UK inflation figures are due out today....
...Markets ate it up; Disney shares rose 7 per cent. Bob Iger does not mess around. Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com. Reserving judgment on inflation Markets took yesterday’s hotter-than-expected CPI inflation report hard....
...Email us: robert.Armstrong@ft.com and ethan.wu@ft.com....
...The only remotely similar chart is Microsoft, but its valuation rose steadily from 2014 through 2020 rather than leaping suddenly....
...For the privilege of not buying Spirit, JetBlue stock rose nearly 5 per cent yesterday. Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...If you have one to suggest, email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...Email us your cockamamie schemes: robert.armstrong@ft.com and ethan.wu@ft.com. New year, same old CRE On the list of 2023’s overwrought market fears, commercial real estate ranked high....
...But send us an email first: robert.armstrong@ft.com and ethan.wu@ft.com. The Fed calls the top It’s over. The Federal Reserve says the rate cycle has peaked....
...If you know which stock will get whacked next, by all means email us at once: robert.armstrong@ft.com and ethan.wu@ft.com....
...Armstrong here, back after a week in California....
...If you see others signs of persistent irrationality, email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...The riskiest, most beat-up members of the group (KeyCorp, Comerica, Zions, Western Alliance et al) rose the most....
...Send us your thoughts: robert.armstrong@ft.com and ethan.wu@ft.com....
...Sales in Meta’s core business rose 24 per cent year over year in the third quarter, and Google search and YouTube ads both rose double digits....
...(Wu & Armstrong) One good read The shock jock of Wall Street research....
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