This graph, lifted from Chris Kimble Solutions, the great technician out of Cincinnati, show shows the 10-year Treasury yield at a critical juncture. This graph, (I think its from from Charlie Bilello at Pension Partners from Twitter) … Continued
Check the numbers this week: Fwd 4-qtr estimate: $150.32 vs last week’s $147.94 (highly unusual to see this kind of sequential increase) P.E ratio: 18.5x PEG ratio: 1.40x SP 500 earnings yield: 5.40%, vs last weeks 5.39% (despite 3% SP … Continued
Dr. David Kelly and jos team at JP Morgan publish some of the best research i read each quarter in JP Morgan’s quarterly “Guide to the Market” and within that 75 page summary each quarter is a valuation table … Continued
Looking at the “weekly” chart of the TNX, the CBOE 10-year Treasury Yield Index, Id say the 10-year Treasury yield is at a critical level. A trade much lower in yield toward 2% and I’d say that the uptrend … 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
Ryan Detrick of LPL Financial (@ryandetrick post here), UKarlewitz of Fat Pitch fame (@ukarlewitz here), and Charlie Bilello over at Pension Partners (see here) (mentioned in no particular order) all noted on Twitter this past week, that with the first … Continued
There is a whole generation of investors that think that bonds and bond funds, and bond ETF’s are “safe”, i.e. low risk of loss, modest returns, etc. And that has been true for a while. In the late 1990’s, the … Continued
The big news this week was the Treasury market and the rise in yields, but more on that in a minute. With 488 companies having reported Q4 ’16 earnings already, there is little left to know, and instead we look … Continued
At a CFA Chicago lunch about a week ago, Charlie Evans, Head Fed-head at the Chicago Federal Reserve here in the Windy (and balmy) City, talked about how the Fed plans to shrink the $4.5 trillion Fed balance sheet down … 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