Dr. David Kelly and the JP Morgan research team publish a quarterly “Guide to the Markets” which I’ve always thought was an excellent 70-odd page summary of economics, capital markets, style boxes, and all manner of investment-related information in one … Continued
Lots of angst around the QQQ’s and the “head-and-shoulders” that looks to be in place (according to some technicians). The June 8th reversal for the semiconductor sector and the QQQ’s was significant. Here is how the Q’s and some key … Continued
Interest Rates: The yield on the 10-year Treasury rose 15 bp’s this past week, a sizable move relative to the last few years. The yellow line is the 10-year Treasury yield and it looks to be headed higher. The Quarterly … Continued
CNBC’s Fast Money had Tom Lee on Thursday night, who I think is an outstanding strategist, and while it was a puzzling interview (Tom was positive on all the sector that were the heaviest weights in the SP 500 like … Continued
The technicians and chart watchers are keyed on the Nasdaq 100 and the QQQ’s the last few weeks, as the index has sold off hard (not surprising given the run up the large-cap and mega-cap Technology stocks have had this … Continued
B.I.G._Tips_-_Nasdaq_100_Epic_Streak (1) With so much investment-related information data, available daily on a plethora of blogs, Twitter, not to mention the mainstream financial media, every week there is just an enormous amount of market-related data to sift through. The above chart … Continued
Thomson Reuters Data (by the numbers): (Source: This Week in Earnings, dated 6/9/17) Fwd 4-qtr estimate: $134.82 vs $134.82 from last week P.E ratio: 18(x) PEG ratio: 1.93(x) SP 500 earnings yield: 5.54% vs. 5.53% last week Year-over-year growth of … Continued
It was somewhat surprising to hear/read Larry Fink, the BlackRock CEO make a comment on Q2 ’17 earnings, although it was unclear whether he was talking Blackrock’s (BLK) results as a firm, or the economy / SP 500 in general. … Continued
As this blog post is being written on Wednesday afternoon, May 31 ’17, the Financial sector has given up all of its gains for 2017, and has under-performed the SP 500 by nearly 650 – 700 bp’s year-to-date. Charles Schwab … Continued
The Financial sector has traded quite punk since March 1, 2017, the day after President Trump’s address to the joint session of Congress. Part of this – no doubt – is a continued flattening of the yield curve, with the … Continued