Dr. David Kelly and his team at JP Morgan put together one of the best research and market / economic summaries on the Street (published quarterly) and that is the JP Morgan “Guide to the Market” (GTTM). The above … Continued
The American Association of Individual Investors (AAII) puts out a weekly investor sentiment survey and this week the AAII investors that voted themselves as being bullish on the market, totaled a whopping 32%. Here is the summary data: AAII % … Continued
Readers know my appreciation of Bespoke’s work, the firm started by Paul Hickey and his crew after coming out of Laszlo Birinyi’s shop (and Laszlo published some pretty good research as well) and last Friday’s weekly “Bespoke Report” was no … Continued
5 weeks ago, Jason Zweig of the Wall Street Journal wrote a great article about the loss of trust in the market by retail investors. The title of the article from the March 16th, 2018 edition of the Wall Street … Continued
Suddenly all the prognosticators are bullish. Individual investor sentiment had risen the last few weeks: Bespoke put out their graph today on investor sentiment: Here is the data: Actual dollar EPS SP 500 SP 500 Y/Y gro Total return … Continued
Two items read this week, were a little worrisome: 1.) Liz Ann Sonders, Schwab’s great strategist, posted this to Twitter on Thursday: During most of this secular bull market, sentiment has been a mixed bag with the AAII data … Continued
Bullish Sentiment Lower: What Else is New? The one still amazing metric about this bull market in the SP 500 is that – according to the American Association of Individual Investors (AAII), the percentage bullish within their survey base has … Continued
Doug Kass, the famed author of “The Edge” column at Jim Cramer’s Street.com, and a noted bear who gave the bearish perspective on Berkshire-Hathaway the stock (BRKB), to Warren Buffett and Charlie Munger a few years ago at Berkshire’s Omaha … Continued
Each week, clients are emailed a”stat of the week” or “chart of the week”, or “graph of the week”. This week, the chart of the week will be shared with blog readers first, before going to clients. This CNBC clip … Continued
1.) Short, sharp, corrections, usually 5% – 7% in severity. The last big correction bottomed last October ’14 and it was roughly 7.7% peak-to-trough, and it seemed pretty nasty. The last 20% SP 500 correction was 2011’s recession scare (so … Continued