Having never owned the Emerging Markets (EM’s) in any form or fashion in the 1990’s and then staying out of the asset class between 2001 – 2007 given all the money that flowed into the asset class after Technology collapsed, … Continued
One of the risks with the time it takes to push through what might be the biggest change to the US tax code ever, is that businesses (and individuals, too) are waiting to see what the end product looks like, … Continued
This Is Not Bearish The above link is from a guy by the name of Michael Batnick, the research director at Rithotz Wealth Management, a firm whose work I follow and consider to be very “thoughtful” over the years. Michael … Continued
Back in the Spring of 1980, when I was taking my first Money & Banking class, the Fed Funds rate was gyrating from 14% to 20% to 8.5% all in a period of about 6 months, under Paul Volcker’s supervision. … Continued
With just one week left in the 2nd quarter, 2016, basically all 500 of the SP 500 components have now reported Q1 ’16 earnings. In the next two weeks, we get the quarterly increase in the “forward 4-quarter” SP 500 … Continued
Every Friday night, I print out Thomson’s earnings reports, Factset’s data and Bespoke’s Weekly Letter and crawl up at my Saturday-morning breakfast spot with the week’s reading and start to read and highlight what i think will not only be … Continued
Because the Chicago triathlon season is nearly upon us, and Chicago being a truly summer city, sometimes the Weekly Earnings Updates (during the summer months) will get posted in a sporadic fashion, over a weekend, or maybe not until Monday … Continued
First this article from Factset on Thursday, I thought was a decent summary on Q1 ’16 financial results YTD. Thomson data “by the numbers”: The forward 4-quarter estimate fell to $123 from $123.01 last week The P.E ratio as of … Continued
In a word, “maybe”, but we’ll know more in a few weeks. SP 500 earnings data (Thomson Reuters): The forward 4-quarter estimate fell to $123.17 from $124.78 last week. The P.E ratio on the forward estimate is 16.7(x). The PEG … Continued
Lowest Net Profit Margin Projected for S&P 500 since Q4 2012 The above link to Factset’s great discussion on SP 500 margins, dated March 18, 2016, supports this blog’s thesis from March 12, 2016, that Q1 ’16 will likely be … Continued