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
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 first rate cut in – what – 8 or 10 years just 6 weeks ago, saw the SP 500 and the high-yield credit markets sell off sharply. The selling continued through the first half of August as the SP … Continued
Before the last January ’18, February ’18 plunge in the equity markets. the SP 500 peaked on January 26th, 2018 at 2,872 – 2,873. With Friday night’s close at 2,945, the total gain for the SP 500 (excluding dividends) is … Continued
The SP 500 closed within one point of September, 2018 all-time last Friday. You’d have to think “everyone” is watching what happens this week. I wouldn’t be surprised to see a pullback here since the SP 500 usually takes a … Continued
Sourcing Bloomberg / Barclays data, are the YTD returns for the bond market asset classes as of Friday, April 12th, 2019: US Corp HiGrade: +5.13% US Corp High Yld: +8.14% Mortgages (MBS): +1.89% Municipals: +2,67% US Treas: +1.32% US TIPS: … Continued
This weekly chart of the Bloomberg Barclays Aggregate (AGG) ETF, shows it bumping into formidable resistance at the 200-week moving average. For readers, 44% of the AGG is “Government” with 39% of the 44% Being Treasuries, 25% of the … Continued