The SP 500 has how corrected 20% peak-to-trough in less than 90 days, and is now roughly the same severity as the 2011 correction – (maybe slightly worse) in the benchmark, which was 19% and which qualifies as the worst … Continued
SP 500 earnings data: (Fwd estimate from IBES by Refinitiv) Fwd 4-qtr est: $169.58 vs last week’s $170.53 PE ratio: 14.25x PEG ratio: 1.92x SP 500 earnings yield: 7.02% vs last week’s 6.56% Year-over-year growth of fwd est: 7.4% vs last … Continued
The SP 500 Earnings Yield is at 6.88% as of Thursday, December 20th, 2018. The 6.88% level is now above the highs from the 2015 – 2016 correction but still well below the 8% – 9% hit during the 2011 … Continued
The SP 500 must hold 2,532 or the February 9th, 2018 low today and the rest of the week. What’s interesting is that as the SP 500 has toyed with this level this week, the Bloomberg Barclays Aggregate (AGG) or … Continued
Saturday’s blog post declaring that the SP 500’s “earning yield” as of Friday, December 14th’s close, was the highest since early January ’16. Here is a brief history of the earnings yield over the last 3 years: The EY spiked … Continued
Here is a quick summary of how client’s were positioned in 2018, and what worked and what didnt: Microsoft (MSFT) remains client’s largest position and has been since 2013. A core position was kept in the stock during the last … Continued
The SP 500 is down roughly 10% – 11% from its late September ’18 high and yet market bearishness is the highest in 6 years ? Here is the SP 500 earnings data: (Source IBES by Refinitiv) Fwd 4-qtr est: … Continued
This was a relevant post by David Templeton of Horan Capital Advisors this week. I thought it was best addressed by doing a quick spreadsheet on updating the EPS estimates for the Top 10 Market Cap weights in the SP … Continued
That is the whole dynamic in one simple sentence. 2019 SP 500 earnings expectations have been expecting slower growth for some time but now that expected earnings growth for next year has been reduced to 8%. Transports look ugly, made more … Continued
Rather than put the summary at the bottom as is usually done, the important observations from the data from both Factset and IBES by Refinitiv data are found at the top this week: Strength in Energy estimates is still amazing. … Continued