Tremendous article by Josh Brown today on Second Chances. Couldn’t let it pass: https://thereformedbroker.com/2019/03/21/second-chances-are-important/ ————————————————- In the 1990’s the two sectors moved together and at one point in the early 2000’s, both sectors together comprised close to 50% of the market … Continued
Chris Kimble of Kimble Charting Solutions with a chart out last week showing the coincidental bumping of resistance for both the JNK (high yield ETF) and the SP 500. I used the word, “coincidental” but there is causality here. … Continued
The SP 500 closed above 2,822 on Friday, March 15th, 2018, which was just the 2nd close above that key level since early October, 2018. There have been three healthy corrections for the SP 500 since the 2008 bottom: 1.) … Continued
Bank of America upgraded Apple this morning, sending the stock up $4 – $5 in the first good day for the US equity indices in a week. However, let’s take a look at the forward EPS and revenue revisions: First, … Continued
One of my lingering concerns over the Tax Cuts & Jobs Act of 2017 (TCJA) was the capping of the “State and Local Tax Deduction” (SALT) for big cities like New York/New Jersey, Chicago, and the West Coast and what … Continued
Good chart from Gary Morrow at “This Week on Wall Street”. On Invesco’s website it’s noted that the top three foreign currency forwards for the UUP are: Euro: 58% Yen: 14% Pound: 12% So as the euro / dollar … Continued
CNBC was throwing all these headlines out on Friday, after the February ’19 month-end benchmark results were calculated and it appears that in 2019, the Dow 30, SP 500 and the Nasdaq are all on track for their best start … Continued
2016 was the last year where we saw the kind of correction we had in the 4th quarter of 2018, with the SP 500 bottoming in Q1 ’16. Here is the chronology of SP 500 earnings growth by quarter in … Continued
It was interesting to hear Mr. Buffett’s take on Bitcoin in the extended CNBC interview with Becky Quick this week. That single interview on CNBC is probably the best 3 hours of financial media that viewers get a few times … Continued
When this blog post was written about a month ago, the SP 500 EPS estimate revision data was exhibiting the kind of negative revisions that have been previously seen in first quarters since I began tracking the data in the … Continued