Above are two charts of the Russell 2000 (IWM). The first shows the IWM breaching its 200-day moving average last week, although the bottom of the chart shows the oversold nature of the Russell 2000 today. The 2nd chart … Continued
For “Fed Model” fans, a SP 500 earnings yield of 5.70% with a 10-year Treasury rate of 2.19% continues to indicate that stocks are more reasonably valued than Treasuries, from a relative perspective, but the Fed Model always needs to … Continued
Maybe a better title for today’s SP 500 earnings look, is “What impact did Apple’s fiscal Q3 ’17 quarter have on forward estimates” but let’s put that aside for a second. Each week on this blog the “forward … Continued
The spike in the VIX this week, brought out the various market statisticians that talked about “forward returns” around the SP 500 after such a spike, and it portends favorably for the key benchmark. That being said, if the SP … Continued
There is actually a ton of good data to write about this week, but the content will be doled out in a few separate posts. With WalMart’s earnings report due this coming week, Q2 ’17 earnings come to an unofficial … Continued
Let’s run through the weekly earnings data from Thomson Reuters I/B/E/S: Forward 4-quarter estimate: $138.42 P.E ratio: 17.9(x) PEG ratio: 1.83(x) SP 500 earnings yield: +5.59% Year-over-year growth rate of the forward estimate: +9.75% vs last week’s +9.21% Tracking the … Continued
Good chart from Chris Kimble’s technical analysis service. The sustained dollar weakness has been one of the surprises to 2017. I cant help but think at least some of it has to do with the inability of Treasury yields to … Continued
Looking at the “weekly” chart of the TNX, the CBOE 10-year Treasury Yield Index, Id say the 10-year Treasury yield is at a critical level. A trade much lower in yield toward 2% and I’d say that the uptrend … Continued
Everyone and their brother is commenting on q2 ’17 SP 500 earnings results, and the numbers so far look good. Revenue “upside surprise” (i.e. the revenue “beat rate”) is north of 60%, probably aided somewhat by the very weak dollar … Continued
With the latest earnings update last week, it wasn’t noticed until post-publication, that only two of the eleven sectors of the SP 500, actually had “greater-than-benchmark” expected earnings growth. Here is last weekend’s link. Technology earnings are expected to grow … Continued