Earnings in the US begin to thin out this week, with 70% of the S&P 500 having now reported for Q4 2022. It looks set to be the first year-on-year decline for quarterly earnings since Q2 2020. Whilst this is certainly not a positive summary, the market has taken it mostly in its stride. Fed policy continues to be the focus of markets. With that in mind, keep an eye on US CPI, Retail Sales, and PPI figures which are all released this week.


Some of you may be a bit bleary eyed after staying up to watch the Superbowl, which went into overtime after a tight game. And it’s not just the on-field action that proves fascinating, as the economics of the event continues to grow. A 30 second tv ad slot will now cost you approximately $7 million – an astonishing rate. For example, the same outlay would get you the same slot on every episode of The Late Late Show on RTE1 until the 2050s. Give an equal weighted investment in the nine companies that advertised at the 2022 Superbowl would have seen you half your money in 12 months, perhaps playing the long game with Tubridy & Co would be a better option.


As always, if you wish to discuss anything in this newsletter in further detail, please do get in touch.