A key question from clients that we have addressed recently is: earnings and analyst estimates have rarely been stronger, even in regions less exposed to the AI boom than the US (Europe, Japan), so...

Low stock correlations and rapidly rotating leadership is making the indices look more stable than the underlying stocks are. Earnings expectations are extremely high but starting to come under more scrutiny. Risk is higher...

Before the Q1 earnings reporting season, the US had been gradually slipping on relative earnings estimate revisions metrics, but the Q1 results came in much stronger than expected almost across the board. With the...

The turmoil in the Middle East and the rise in energy commodity prices continues, but stock prices have mostly decided they don’t care that much. Energy prices are not a major driver of US...

It has been an eventful year so far, and the backdrop has changed a lot since the end of February. Below is an overview of some of Mill Street’s recent comments on the market...

A lot of last year’s losers are this year’s winners, and vice versa, as investors stay in equities but have rotated aggressively. Much of this is not driven by earnings outlooks (at least for...