It was tempting to ask in the headline whether readers were looking for the “over” or “under” on Q2 ’20 SP 500 earnings this quarter ? My own bias coming into Q2 ’20 given the very low expectations, is that … Continued
With Schwab’s balance sheet restructuring, check out the changes in cash-flow generation for the discount-broker-cum-asset-management king, the last 3 years. While some of this might be temporary, the cash-flow and free-cash-flow improvement means that Schwab (SCHW) COULD return more capital … 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
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
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