Earnings season starts this week 📅 98 S&P 500 companies report over the next three weeks. Big US banks start the season. JPMorgan, Goldman Sachs, Wells Fargo and Citi report on Tue 13 Oct; Bank of America, Morgan Stanley and BlackRock on Wed 14 Oct. Tesla is the first MAG7 company to report, on Wed 21 Oct, the same day as IBM, Texas Instruments and Lam Research. Netflix reports on Tue 20 Oct, and Intel on Thu 22 Oct. The last week (26–30 Oct) is the busiest. Microsoft, Alphabet and Meta report on Wed 28 Oct, then Apple and Amazon on Thu 29 Oct. That’s 5 of the MAG7 within two days. Payments companies cluster in the same week: Visa and PayPal on 27 Oct, and Mastercard on 29 Oct.

Hi guys rasinbunlover here! This is my first post so I’d appreciate your view and a follow if you like my content:) Came across an interest chart, since March, the US 10Y yield has risen from ~3.95% to 5.28%. Over the same period, $MCD has fallen ~32% from its high. Almost a perfect mirror image MCD vs 10Y 🔍 Why does McDonald trade “against” yields? McDonald's is mature, slow-growing, dividend-heavy and carries a lot of debt. So the market prices it partly like a bond: Higher yields = its steady future cash flows are worth less today A 5%+ Treasury competes directly with its dividend Higher rates slowly raise its own borrowing costs 💰 What the selloff has done to the valuation Forward dividend yield ~3.3%, the highest in over a decade (dividend just raised to $1.93/quarter) P/E at its low