Each quarter Dr. David Kelly, the Chief Global Strategist for JP Morgan and his team, publish the “Guide to the Market” (GTTM) which is 70 – 75 pages chock full of some of the best capital market, economic and … Continued
Energy is now just 4.5% of the SP 500 market cap weight, down from a high of 15% in September, 2014, when crude oil was trading around $80 – $100 per barrel and just before the commodity tanked to $28 … Continued
JP Morgan (JPM), Wells Fargo (WFC) and PNC Bank (PNC) kickoff Q1, 2019 SP 500 earnings tomorrow, and then next week another 50 – 60 companies across the 11 SP 500 sectors report their Q1 ’19 results. However, Financials usually … Continued
Seasonally, the SP 500 is entering one it’s strongest periods of the calendar year. The SPY’s YTD total return as of Friday, 10/19/18, was about 5%, while the XLF and KRE ETF’s returned -3% and -6% respectively, YTD. Client’s largest … 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
One of the classic years we saw “PE compression” was 1994, when Alan Greenspan really caught the Street and the investment community off guard, and raised the fed funds rate 6 times that year, after a surprisingly-strong Q4 ’93 GDP … Continued
Every 6 weeks the goal is to give readers an update into the various “style box” strategies (large-cap, mid-cap, small-cap, value, growth, etc.) and year-to-date as of Friday, February 16th, 2018, 2018 has started just where 2017 left off … 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
Reading a good blog this Monday night, it was somewhat surprising to read that this blog author was worried about the flattening yield curve and was avoiding the Financial sector. His reasons were solid, but I think that easier regulation … Continued
There has been little mystery to what has worked this year, with the Technology sector within the SP 500 up over 30% on the year and large-cap growth returning in the low 20% range, YTD. This year, not so unusually, … Continued