Another perspective on SP 500 earnings

Year S&P 500 Ex-Energy Energy % 2014 118.78 113.77 4.2% 2015 117.46 104.89 10.7% 2016 118.32 117.36 0.8% Source: Thomson Reuters I/B/E/S   The current estimate for 2017 as of this weekend is $131.07, which is 11% expected SP 500 … Continued

Energy Overweight is Not Working

The API data last night, and the EIA data this morning both showed a build in crude inventories which sent crude oil down 4% – 5% today (despite the shortfall in gasoline inventory) and also sent the XLE, IYE and … Continued

Thinking about Asset Allocation in 2017

“With all thy getting, get understanding” (Proverbs 4:7) My first job real job in the investment business was as a municipal credit analyst back in early 1990 for Clayton Brown & Associates, a small, regional broker-dealer here in Chicago, and … Continued

Stay With The Energy Sector

Today’s EIA Energy data (see bullet points just below) should have sent the sector skidding lower, but it didn’t. (Cut-and-pasted from The EIA reports that for the week ending Nov 11: Crude oil inventories had a build of +5.274 … Continued