The Chart
2011 was the last year the SP 500 has seen the 50-month moving average. Here was last night’s post comparing this current correction with the 2011 and 2015 – 2016 drawdowns. Kinda ugly this quarter and looking at the … Continued
Technical Analysis
FOMC Day: SP 500 Must Hold February ’18 Low of 2,532
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
Critical Week Ahead – Year-end Rally in Sight ?
This pattern was noted a couple of times in the last week on Twitter so I thought Callum Thomas’s chart should be highlighted for readers: The quarter is half over as of Friday. The final 6 weeks of the … Continued
“Style Box” Update – Is Growth / Momentum Investing Moving Out of Favor ?
The President didn’t help the Growth/FAANG/Momentum crowd this morning with his tweets targeted at Amazon. Looking at the above table, as of this weekend, it looks like Growth is maintaining its “alpha” over Value, although large-cap is seeing less … Continued
Q1 ’18 – Large Upward SP 500 Estimate Revisions, but a Negative Quarter ?
With the first quarter expected to end Thursday night, March 29th, 2018, given the stock and bond markets will be closed for Good Friday, the SP 500 could end the first quarter with a negative return despite the large upward … Continued
Tech Comprises 25% of SP 500 Market Cap (Again)
Every so often, readers are updated on the SP 500’s sector rankings in terms of market cap weight and earnings weight. What surprised me more than Tech’s 25% weighting currently (versus its all-time-high of 33% weighting in March, 2000) … Continued
Why the Last Two Weeks of December ’15 Matter
Yesterday, on this blog, we articulated the bullish case for stock prices for 2016 (here), referencing and linking to some of my favorite sources. One of the mistakes i learned from the late 1990’s and 2007 was NOT giving freight … Continued