Chris Kimble of Kimble Charting Solutions with a chart out last week showing the coincidental bumping of resistance for both the JNK (high yield ETF) and the SP 500. I used the word, “coincidental” but there is causality here. … Continued
SP500corrections The above link is our/my internal spreadsheet noting the last few year’s history of SP 500 corrections. Note how in 2014, we’ve seen two very brief SP 500 corrections, although some might not even call them “corrections”, but the random … Continued
@361Capital and Blaine Rollins. Health Care continues to lead SP 500 this year-to-date. 361’s Monday night piece is one of the best reads of the week. Be sure and get on the email list. (Long AMGN, MRK, PFE, JNJ) The … Continued
One of the best tweets of the week, from Josh Brown (naturally) who linked this Harvard study noting that for individual investors, returns are “extrapolative”. Explained another way years ago by a fellow contributor to TheStreet.com, Gary Dvorchak, individual or … Continued
In 2013, our best call for clients this year was our Facebook (FB) long, which we detailed here and our best sell decision was exiting the homebuilders in late May, 2013, which we wrote about on SeekingAlpha here, and here. We are … Continued
A quick thanks to CNBC-Asia, Elly Whitaker, and Joanne Wong, for the interview on CNBC-Asia Monday night. We talked Alcoa (AA) earnings and SP 500 expected earnings for Q2 ’13. Hopefully the CNBC anchors, Oriel Morrison and Adam Bakhtiar found the … Continued
As we talked about last week, the “forward 4-quarter” estimate for the SP 500 reached a new record high this week of $116.67. The p.e ratio on the forward estimate is 13.99(x). The “earnings yield” on the SP 500 is … Continued
Interesting Stat – look for a bounce in the SP 500 Interesting statistic out of Bespoke this weekend: we had back-to-back 1% declines in the stock market last week on Wednesday and Thursday: since March, 2009 there have been 21 such … Continued
We put two weekly charts up this morning, the two corporate high-yield ETF’s, which show the junk bond market is in correction mode. Both ETF’s are sitting right on top their respective 50-week moving averages. For both ETF’s to … Continued
Question: Are higher interest rates bad for stock prices ? The conventional wisdom says yes, but the opposite case can be made as well. As a famous lawyer once said, “I can argue it both ways”. As an economy, the … Continued