The two US dollar proxies followed regularly are the UUP and the DXY. The UUP is a tradeable ETF, but it generates a K-1, therefore I stopped buying it for clients. Both the DXY and the UUP have identical … 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
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
The headline continues to be the $64,000 question, regarding SP 500 earnings. The reason the probability for SP 500 earnings bottoming in Q1 ’16 is starting to gain some traction is the action in commodities, and the action in the … Continued
A friend of mine was driving from Chicago to Springfield, Illinois, 4 – 5 years ago, during one of the famous Illinois winter cold-snaps, in his big, honking, 4-door Lexus, and he hit some black ice on I-57 about halfway … Continued
“Fed Model” fans are familiar with the SP 500 earnings yield, since it is the Fed Model calculation that subtracts the 10-year Treasury yield from the Earnings Yield of the SP 500 (calculated by using Thomson’s forward 4-quarter earnings estimate … Continued
All eyes are on the Fed this week, but I’ll be more interested in what comes after i.e. could we be looking at another government shutdown thanks to the debt ceiling ? When Fed Governor Dudley gave a speech at … Continued
Per Thomson Reuters, the forward 4-quarter earnings estimate rose this week to $122.03, from last week’s $122.01. The P.E ratio on the forward estimate is 17.3(x) The PEG ratio is still negative. The SP 500 earnings yield fell to 5.78% … Continued
The Thomson Reuters earnings data I track on an Excel spreadsheet goes back a long way, back to the year 2000, and there are very few periods that are negative, in terms of year-over-year (y/y) earnings growth. Obviously 2008 was … Continued