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S&P 500 Earnings: Sharp Jump In Treasury Yields / Nvidia And April PCE Data This Week

Brian Gilmartin, CFA profile picture
Brian Gilmartin, CFA
9.46K Followers

Summary

  • With mega-cap tech / growth up 25.95% this year), the semiconductor group is being pulled higher with it, despite the memory-related names still being in a tough downcycle.
  • Inflation data has heated up (or at least not cooled down enough to the Fed’s liking), so Friday’s PCE data could have greater import to both the general equity and bond markets than Nvidia’s much-anticipated earnings report.
  • This past week, the Treasury yield curve showed the largest sequential increases in Treasury yields seen in ’23.

Finance analyzing stock exchange line and the candle chart on display. Analytics price change bitcoin cryptocurrency BTC to USD the most popular pair in the world strong going up to new high

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With mega-cap tech / growth up 25.95% this year (Vanguard Mega-Cap Growth ETF (MGK)), the semiconductor group is being pulled higher with it, despite the memory-related names still being in a tough downcycle. SMH (VanEck Semiconductor

Expected year-on-year growth in EPS and revenue

This article was written by

Brian Gilmartin, CFA profile picture
9.46K Followers
Brian Gilmartin, is a portfolio manager at Trinity Asset Management, a firm he founded in May, 1995, catering to individual investors and institutions that werent getting the attention and service deserved, from larger firms. Brian started in the business as a fixed-income / credit analyst, with a Chicago broker-dealer, and then worked at Stein Roe & Farnham in Chicago, from 1992 - 1995, before striking out on his own and managing equity and balanced accounts for clients. Brian has a BSBA (Finance) from Xavier University, Cincinnati, Ohio, (1982) and an MBA (Finance) from Loyola University, Chicago, January, 1985. The CFA was awarded in 1994. Brian has been fortunate enough to write for the TheStreet.com from 2000 to 2012, and then the WallStreet AllStars from August 2011, to Spring, 2012. Brian also wrote for Minyanville.com, and has been quoted in numerous publications including the Wall Street Journal.

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