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Crude Oil $100 calls over the next year have seen their open interest rise to 120,000 as of Thursday. $90 and $100 calls are also the 2 most held strikes over the next 12 months
Source: Barchart, Bloomberg
ANALYSTS ARE RAISING QUARTERLY S&P 500 EPS ESTIMATES FOR THE FIRST TIME SINCE Q3 2021
At the end of the earnings season for the second quarter, have analysts lowered EPS estimates more than normal for S&P 500 companies for the third quarter? The answer is no. During the months of July and August, analysts increased EPS estimates for S&P 500 companies for the third quarter. The Q3 bottom-up EPS estimate increased by 0.4% (to $56.10 from $55.86) from June 30 to August 31. While analysts were raising EPS estimates in aggregate for the third quarter, they were also increasing EPS estimates for the fourth quarter. The bottom-up EPS estimate for the fourth quarter increased by 0.6%. Source: Factset
US stocks are on track for their 8th annual outperformance vs Stoxx 600 in 10 years
Source: Bloomberg
Peter Lynch advice was to avoid trying to predict the economy, interest rates or the stock market
"Don't focus on macroeconomic factors to make investment decisions. Focus on the growth of the intrinsic value per share of the companies you own". by Compounding Quality
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