(This blog post was written Friday night, August 16th but inadvertently saved as a “draft” instead of being published. It’s a few days old, but not much has changed.) Thomson Reuters used to have a guy that managed the “This … Continued
We are presently in “the dead zone” of earnings reports and revisions, as – according to IBES by Refinitiv data – there were just 517 revisions to analyst estimates this week, versus the 2,300 odd changes to estimates during the … Continued
Well, in a word, “yes” which should surprise no one. Back in the early 2000’s, while writing for TheStreet, there was a fellow contributor by the name of Jordan Kahn, out of LA, (Kahn Asset Management), who I thought was … Continued
May seem like a small data point but this week showed the first sequential improvement in the “4-week” rate of change in the SP 500 2019 and 2020 EPS estimate since – guess when – September 21 ’18. At … Continued
Check back in tomorrow morning for the weekly SP 500 earnings data, i.e. Saturday morning, November 3rd, 2018. One aspect to the October drop in stocks, is that there was no flight to Treasuries. The 10-year Treasury yield jumped from … Continued
Great article from Ben Carlson, CFA picked up by Josh Brown of Ritholtz Wealth. In this blog post from a few days ago, here is what I was thinking of when evaluation the Bloomberg Barclays Aggregate (AGG), the bond market’s … Continued
The Financial sector is one of client’s overweights and it’s lagged the SP 500 badly all year. Up just 2% YTD, versus the roughly 8% total return for the SP 500, banks and brokers have been pretty punk, with the … Continued
(The weekly SP 500 earnings update will be posted tomorrow, i.e. Saturday, 10/6/18.) One of the reasons I chose the investment management business as a career, is that I was fortunate to have been studying economics and Money & Banking, … Continued
The 10-year Treasury’s yield closed today at 3.16% and depending on the source you listen to, 3.16% represents the highest yield since 2011 or 2008. The previous 10-year Treasury yield high for 2018 was the high tick of 3.115% on … Continued
An excellent technician, Gary Morrow, as well as a long-time acquaintance, with his TLT chart from 10/1/18. The 3.12% and 3.25% area continue to be strong resistance for the 10-year and 30-year Treasury respectively. When those levels break though, … Continued