Filed under: Weekly Market Commentary

Corporate Beige Book: Better Sentiment and Lots of Tax Talk

Our analysis of fourth quarter 2016 earnings conference call transcripts indicates sentiment among corporate executives continued to improve as 2016 ended and 2017 began. LPL Financial Research

Written by Boone Wealth Advisors

Read Time


It should come as little surprise that sentiment among corporate executives improved during the fourth quarter of 2016. We saw relatively more use of strong and positive words compared with weak and negative words in our analysis of earnings conference call transcripts. Talk of recession remains virtually nonexistent, supported by solid economic data of late. Significant discussions of taxes also came as no surprise given market participants’ focus on corporate tax reform and the possible border adjustment tax. Finally, currency and China continued to garner a lot of attention, while energy and Brexit faded. Note that our analysis covers fourth quarter 2016 earnings calls that took place from mid-January through the first three weeks of February.

Click here to continue reading…


Written by Boone Wealth Advisors

See all journal entries by Boone Wealth.
| By Boone Wealth

President Trump’s First 50 (or so) Days

Since FDR first popularized the concept at the start of his first term in 1933, the first 100 days of a president’s term is often seen as a benchmark date for early...

Read More
| By Boone Wealth

Tiptoe Through the Tulips

The case for increasing European investments is getting stronger, as we evaluate the fundamentals, valuations, and to a lesser extent the technicals. Throughout most of the...

Read More