The name of the bond market game since Covid-19 hit, if it can be summarized in one sentence, is that “credit spread assets continue to make sense”. This graph from PIMCO was in their asset allocation outlook held for … Continued
Many thanks to Jeff Miller at www.dashofinsight.com for picking up yesterday’s SP 500 Earnings Update post on his blog this weekend. ———————– So much of the mainstream financial media focuses on the stock market, and yet the corporate bond markets, … Continued
This chart is checked every 3 – 6 months. The “average, annual” return on the SP 500 from 1/1/200 is 5.91%, still below the 7% long-term, post WW II average (with a shout-out to all American vets the day after … Continued
The constant focus on SP 500 earnings often overlooks the importance of SP 500 revenue. The same quality analysis of SP 500 earnings by IBES data by Refinitiv, doesn’t always extend to SP 500 revenue. Readers of Refinitiv data reports … Continued
First off, a quick “hat-tip” or shout-out to Nicholas Colas and Jessica Rabe at DataTrek Research, which have been posting similar FRED (Federal Reserve Bank of St Louis) charts on the US corporate credit markets. After … Continued
Since last Wednesday night’s April 1, 2020 close, the SP 500 has risen over 11%. Crude oil bottomed in February ’16 at $28.50 per barrel (?), and I’m not sure if that was WTI or Brent. Today, WTI closed at … Continued
Amid all the doom and gloom, here are the companies that have announced that they will looking to add to their workforce in the coming months: Walmart: 150,000 workers to be hired Pepsi: 15,000 addi’l workers to be hired PapaJohn’s: … Continued
Using IBES by Refinitiv data for years, there is always the question of what period do we (the collective “we” as in readers too) watch in terms of forward SP 500 earnings estimates to get a true take on the … Continued
The JNK high-yield ETF looks the best of our three charts today, already having transcended the downward sloping trend line off the 2014 peak. The HYG is sitting just above resistance at the downward sloping trendline off … Continued
The SP 500 was still up 10.58% as of May 31, even though the month of May was pretty ugly in terms of the monthly SP 500 return. Here were client’s Top 10 holdings as of May 31 and their … Continued