(This blog’s RSS feed is going away or has gone away so please resubscribe at www.fundamentalis,com if you haven’t already. There is no cost to subscribe to the blog. ) Not much difference in the numbers so far this … Continued
It always fascinates me to see changes in the SP 500 earnings and revenue data and how it correlates to the actual index or market action. Was 2017’s 21.8% SP 500 index return discounting the 2018 “expected” EPS growth of … Continued
The goal of the above table is to give readers some idea of how the SP 500’s EPS estimates have changed the last few months. The week of 12/22/2017 was the Friday the President signed the 2017 tax reform … Continued
Listening to the financial media every day, and watching the stock and bond markets trade, there is always an “immediacy” to the news, and it tends to be binary: either great wealth is being created daily and you are “missing … Continued
https://data.bls.gov/timeseries/LNU04000000?periods=Annual+Data&periods_option=specific_periods&years_option=all_years The above link is a data set from the BLS for post World War II unemployment rates, and with the US economy currently sitting at 4.1% unemployment the night before the December ’17 non-farm payroll and unemployment data are … Continued
The US economy, as well as global GDP growth is accelerating off a slow, post-2008 below-average pace; SP 500 earnings are expected at 10% in 2017 and 11% in 2018, the best year(s) of growth since 2011; Sentiment is starting … Continued
Leaning bearish into 2018, these numbers were somewhat surprising: 1.) Revisions for next year have been positive for both year-over-year SP 500 EPS AND SP 500 revenue growth. 2.) The 11% expected SP 500 earnings growth for 2018 has been … Continued
Morningstar’s Stock, Bond, Bills & Inflation has some interesting long-term capital market information, much of it from Morningstar’s acquisition of Ibbotson & Associates in 2005. Looking at the annual returns of the SP 500 since 1970, and including the period … Continued
Here was the latest “cash repatriation” math for large-cap Tech in the event of major tax reform passing, and with the Senate passing a bill late Friday night, the probability of real reform becoming law is greatly improved. Capital gains … Continued
The Technology sector is now roughly 25% of the SP 500 by market cap. (Not as high as what it was in 1999, early 2000 at 33%, but it’s getting there. ) The Tech sector has returned roughly 32.6%% in … Continued