Over a 30-year career as a sell side analyst, John covered the structured finance and credit markets before serving as a corporate market strategist. In recent years, he has moved into a global strategist role.
Meet John Tierney
Recent Articles
US
View From the Ground Looks Good
John Tierney
Summary Whatever the official stats say, there is nothing quite like the reality check of a cross-country drive to get the pulse of the day-to-day economy Driving from California to New Jersey this summer, I did not see any major signs of recession. There were a large number of Hispanic immigrants across the agricultural Midwest […]
Equities and the MacroSphere: Messaging Is Make or Break
John Tierney
Summary This earnings season is a lot about messaging. Meta Platforms (META), Alphabet (GOOG), and Microsoft (MSFT) all beat expectations and promised AI spending. However, META collapsed for saying it will be a while before realizing a return on its investment. There are signs industrial companies are finally running down inventories and will have to […]
Equities and the MacroSphere: What Next After Tech Selloff?
John Tierney
Summary Last week’s selloff in the semiconductor sector most likely opens opportunities to establish positions in the AI hardware sector. Commodity chip producers will continue struggling. The Federal Reserve (Fed) may not be cutting rates for now – but we see zero likelihood it will raise rates. And if the economy slows, we expect rate […]
Equities and the MacroSphere: Pause Time for Upward and Onward
John Tierney
Summary Equities are heading into Q2 with a nice tailwind. The Federal Reserve (Fed) is inclined to cut rates, and the economy and labour market are on solid footing. Analysts project earnings gains of 8.2% for the S&P 500 (SPX) and 14.8% for the NASDAQ 100 (NDX). Still, there are reasons to expect the equity […]