{"id":5232,"date":"2024-05-12T21:02:01","date_gmt":"2024-05-13T01:02:01","guid":{"rendered":"https:\/\/envisionco.net\/?p=5232"},"modified":"2024-05-12T21:02:01","modified_gmt":"2024-05-13T01:02:01","slug":"week-ending-5-10-2024","status":"publish","type":"post","link":"https:\/\/envisionco.net\/?p=5232","title":{"rendered":"Week Ending 5\/10\/2024"},"content":{"rendered":"<p><strong>MARKET RECAP<\/strong><\/p>\n<ul>\n<li>US stocks +1.78%, international stocks +1.09%, bonds +0.23%.<\/li>\n<li>Stocks are back to within about 1% of highs while consumer confidence is falling. The University of Michigan consumer sentiment survey is at a six-month low.<\/li>\n<li>Earnings estimates have ramped up in the last few weeks; see the chart below.<\/li>\n<li>GDPNow estimates Q2 growth to be at a strong 4.20%.<\/li>\n<li>Talk of a recession seems to be receding on earnings calls. Meanwhile, the &#8220;10% recession rule&#8221; followed by Piper Sandler was triggered last week. The rule is triggered when the three-month moving average of people unemployed rises 10% compared with its level from the prior year.<\/li>\n<li>Social Security is forecast to run out of funds in 2033, and benefits will drop by 21%, assuming no fix.<\/li>\n<\/ul>\n<p><strong>EARNING ESTIMATES OVER TIME<\/strong><\/p>\n<p><a href=\"https:\/\/envisionco.net\/wp-content\/uploads\/2024\/05\/earnings-estimates-over-time.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-5233\" src=\"https:\/\/envisionco.net\/wp-content\/uploads\/2024\/05\/earnings-estimates-over-time-300x179.png\" alt=\"\" width=\"300\" height=\"179\" srcset=\"https:\/\/envisionco.net\/wp-content\/uploads\/2024\/05\/earnings-estimates-over-time-300x179.png 300w, https:\/\/envisionco.net\/wp-content\/uploads\/2024\/05\/earnings-estimates-over-time-500x298.png 500w, https:\/\/envisionco.net\/wp-content\/uploads\/2024\/05\/earnings-estimates-over-time.png 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p><strong>SCOREBOARD<\/strong><\/p>\n<p><a href=\"https:\/\/envisionco.net\/wp-content\/uploads\/2024\/05\/Scoreboard-05-10-2024.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-5234\" src=\"https:\/\/envisionco.net\/wp-content\/uploads\/2024\/05\/Scoreboard-05-10-2024-79x300.png\" alt=\"\" width=\"79\" height=\"300\" srcset=\"https:\/\/envisionco.net\/wp-content\/uploads\/2024\/05\/Scoreboard-05-10-2024-79x300.png 79w, https:\/\/envisionco.net\/wp-content\/uploads\/2024\/05\/Scoreboard-05-10-2024-269x1024.png 269w, https:\/\/envisionco.net\/wp-content\/uploads\/2024\/05\/Scoreboard-05-10-2024-403x1536.png 403w, https:\/\/envisionco.net\/wp-content\/uploads\/2024\/05\/Scoreboard-05-10-2024-538x2048.png 538w, https:\/\/envisionco.net\/wp-content\/uploads\/2024\/05\/Scoreboard-05-10-2024.png 573w\" sizes=\"auto, (max-width: 79px) 100vw, 79px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MARKET RECAP US stocks +1.78%, international stocks +1.09%, bonds +0.23%. Stocks are back to within about 1% of highs while consumer confidence is falling. The University of Michigan consumer sentiment survey is at a six-month low. Earnings estimates have ramped &hellip; <a href=\"https:\/\/envisionco.net\/?p=5232\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1893,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5232","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/5232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/users\/1893"}],"replies":[{"embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5232"}],"version-history":[{"count":1,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/5232\/revisions"}],"predecessor-version":[{"id":5235,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/5232\/revisions\/5235"}],"wp:attachment":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}