Weekly Signal and Noise Filter

The Story of How Butters Slapped the NFP Bears

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.