OPEC meeting, Saudi Aramco and the State of Commodities

Because of the diminished long-terms returns-on-invested-capital and the inability for many commodity companies to build what Mr. Buffett and Morningstar call the “sustainable moat”, clients have never owned substantial positions in commodity companies for longer periods of time. Yes, Alcoa … Continued

Energy Sector: Overbought, but it May Not Matter

Bernie Schaeffer of Schaeffer’s Investment Research published this piece on Sunday, April 15th. (See below the dotted line.) So far the bulls have carried the week, though. ———————————————————- “And while we’re on the topic of XLE extremes, we would be … Continued

A longer Look at SP 500 Earnings

2019 est: +10% 2018 est: +12% 2017 est: +11% 2016: +1% 2015: -1% 2014: +8% 2013: +6% 2012 +6% 2011:+15% 2010 +40% This blog may be out with a few sector updates over the weekend (or maybe not) but tonight’s … Continued