Pinebrookcap's Substack

Pinebrookcap's Substack

Share this post

Pinebrookcap's Substack
Pinebrookcap's Substack
Weekly Signal and Noise Filter
Copy link
Facebook
Email
Notes
More

Weekly Signal and Noise Filter

The Story of How Butters Slapped the NFP Bears

David Cervantes's avatar
David Cervantes
Oct 07, 2023
∙ Paid
7

Share this post

Pinebrookcap's Substack
Pinebrookcap's Substack
Weekly Signal and Noise Filter
Copy link
Facebook
Email
Notes
More
11
Share

Introduction

No, not that Butter’s – the one from the foul-mouthed animated TV series, South Park.

I am referring to John Butters, the leads analyst for S&P Global, who is in charge of compiling and aggregating revenue and earnings data for the S&P500 universe of large cap names.

In this week’s issue of WSNF, we will kick-off with an equity earnings analysis.

New Marginal Information

  • Economics:  Under the surface of the Non-Farm Payroll report (“NFP”), the numbers are in line with the deceleration thesis.

  • Fixed Income:  Long yields appear to have found their footing.

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 David Cervantes
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More