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      • Growth Team Weekly Investment Insights

        16 May 2024   |  

        1) The S&P 500® Index’s Strong Earnings Season

        According to FactSet, the S&P 500® Index’s Q1 blended (actual and estimated results) year-over-year earnings growth rate is 5.3% with 92% of index constituents reporting results.

      • Playing Defense

        09 May 2024   |  

        In 2023, global defense spending reached a historic high of $2.4 trillion, reflecting a 6.8% increase from the previous year—the largest since 2009. This surge, illustrated in the chart below underscores how widespread defense spending has grown in recent years, with increases across all major geographical regions.

      • Growth Team Weekly Investment Insights

        08 May 2024   |  

        1) Job Openings and Labor Turnover Survey (JOLTS) and Institute of Supply Management’s (ISM) Index

        Last week’s macro calendar was labor-heavy. First up was the JOLTS report, which displayed continued easing in the number of job openings.

      • Growth Team Weekly Investment Insights

        01 May 2024   |  

        1) Another Disappointing Inflation Data Point

        Expectations of a 2024 rate cut were further hampered last week when both the personal consumption expenditures (PCE) and core PCE inflation measures came in higher than expected.