2024 Q3: Albatross 1.4

Welcome to our 2024 Q3 Albatross 1.4 Report, where we deliver a comprehensive analysis of the evolving economic landscape and its impact on key market players. This report leverages our proprietary Albatross 1.4 algorithm to identify optimal stocks based on rigorous financial metrics, insider activity, and market performance. Structured into three core sections—Company Summary, Performance, and Quality of Earnings Assessment—this report provides clear insights into each company’s business operations, financial health, and the reliability of their earnings. We invite you to explore this detailed analysis as it offers valuable guidance for informed investment decisions in today’s dynamic market environment.

Macro review

Starting on January 1, 2024, the M1 Money Supply stood at 17,975.3 billion, and M2 at 20,751.4 billion, while the CPI was 308.42. Over the months, there was a notable shift: by August 1, 2024, the CPI had risen to 314.79, reflecting an increase in the price of goods and services. During this time, the M1 supply grew to 18,117.5 billion, and M2 reached 21,174.9 billion, suggesting expansion in the money supply amid inflationary pressures. Treasury yields also fluctuated, with the 1-month yield starting at 5.55% on January 2, 2024, dropping to 5.0% by October 7, 2024. Similarly, longer-term yields like the 10-year hovered between 3.95% and 4.03%. This combination of rising CPI and adjustments in yields highlights the evolving economic conditions over the year.

Over the same period, the S&P 500 rose by 21%, climbing from 4,742.83 points on January 2, 2024, to 5,751.13 points by October 8, 2024, signaling robust market growth amid inflationary pressures and fluctuating Treasury yields.

And the U.S. gross domestic product (GDP) is still growing.