HUGE EARNINGS:This week, approximately 40% of the S&P 500 market capitalization is represented by major companies, including Google, Visa, Meta (which are my three largest holdings), as well as Microsoft, Coca-Cola, Intel, Exxon, Chevron, Boeing, T-Mobile, and several others.
![https://hotcopper.com.au/data/attachments/5672/5672120-e91accf3aa251865994b32efb78a826f.jpg](https://hotcopper.com.au/data/attachments/5672/5672120-e91accf3aa251865994b32efb78a826f.jpg)
73% of $SPX companies have beaten EPS estimates to date for Q3, which is below the 5-year average of 77% and below the 10-year average of 74%
![https://hotcopper.com.au/data/attachments/5672/5672121-d780370098040cd7f7ff279f6ef00b7e.jpg](https://hotcopper.com.au/data/attachments/5672/5672121-d780370098040cd7f7ff279f6ef00b7e.jpg)
For those of you losing sleep over the interest rates, take a breath!
It's following its usual pattern & should wrap up by Nov/Dec.
Moody's forecasting model is usually pretty spot-on when it comes to gazing five years into the future, except for FED intervention
![https://hotcopper.com.au/data/attachments/5672/5672123-fdace8cae690e185ec586bed49f63f7d.jpg](https://hotcopper.com.au/data/attachments/5672/5672123-fdace8cae690e185ec586bed49f63f7d.jpg)
6 month T-Bill yields more than cash right now - cash is no longer trash
![https://hotcopper.com.au/data/attachments/5672/5672124-3732ed6a85ca34146381b16adc752924.jpg](https://hotcopper.com.au/data/attachments/5672/5672124-3732ed6a85ca34146381b16adc752924.jpg)
34.5% of S&P 500 stocks are riding above their 200-day moving averages after todays trade a dip we haven't witnessed since November 3rd last year.
![https://hotcopper.com.au/data/attachments/5672/5672127-13e441551b0d22f54cf1acbeff247389.jpg](https://hotcopper.com.au/data/attachments/5672/5672127-13e441551b0d22f54cf1acbeff247389.jpg)
Solar stocks (hypergrowth) dumped yesterday and it looks like rates are finally catching up to the smaller palyers
![4OApy2s7LKu1TAFHSuG_vo-efvnUDxQpTC6M4pCSq-dft94crTnEvj-7qxXhfM2DuPcUc4ZlTQVEE65wU5Eafrc_Y9ySc3SZeqFvsjNZi8vXKBz7ERCMuVDkMOctGQnBXI0q3KrCAcR-r56ZLo7zTpqwFw=s2048](https://lh5.googleusercontent.com/4OApy2s7LKu1TAFHSuG_vo-efvnUDxQpTC6M4pCSq-dft94crTnEvj-7qxXhfM2DuPcUc4ZlTQVEE65wU5Eafrc_Y9ySc3SZeqFvsjNZi8vXKBz7ERCMuVDkMOctGQnBXI0q3KrCAcR-r56ZLo7zTpqwFw=s2048)
looks like more selling could come on the equal weight - tons of shorts were taken at 140-143 but not all were closed off
![BOA8k5aIry4IO2HOyjIqjHxuR0tmRr5UOmJPZyogP_BYT3SfkIpMTN68QHpoudqlS55zPpBywvvNFcIP16qCCnFGULbK5W1wpk6aV26SoAuSrfVPHQkPR5cusGc9U1aI0l5ijP7wTOOyO4hkL2xiQNIZrw=s2048](https://lh4.googleusercontent.com/BOA8k5aIry4IO2HOyjIqjHxuR0tmRr5UOmJPZyogP_BYT3SfkIpMTN68QHpoudqlS55zPpBywvvNFcIP16qCCnFGULbK5W1wpk6aV26SoAuSrfVPHQkPR5cusGc9U1aI0l5ijP7wTOOyO4hkL2xiQNIZrw=s2048)
The yield curve is starting to flatten out although it is steepening. The 10yr duration bond and above put in a significant move for the week and i do believe it goes higher while shorter duration bills should start to see some relief
![https://hotcopper.com.au/data/attachments/5672/5672133-396fa358f4af22d6216b4fe1645372c8.jpg](https://hotcopper.com.au/data/attachments/5672/5672133-396fa358f4af22d6216b4fe1645372c8.jpg)
DAILY RECAP