The weekly Market Update is posted at Alpha Baskets and includes the following;
The financial sector garnered a lot of attention on Friday as several of the mega cap banks reported earnings that were generally favorable with the idea being that higher interest rates will help profitability. Financials are important in this regard as being the second largest sector in the S&P 500 and if the FOMC follows through with three rate hikes this year (a big if) then this could be a source of increasing earnings for the index. Ycharts currently reports an estimate of $122.60 for 2017 versus $105.83 in 2016. We mentioned last week the potential boost that the energy sector could get if oil stays close to $50. There are always bullish and bearish data points, the potential earnings boost would obviously be a potential positive.
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1938 Chevy Master Deluxe
A sort of ratrod motorcycle