“With all thy getting, get understanding” (Proverbs 4:7) My first job real job in the investment business was as a municipal credit analyst back in early 1990 for Clayton Brown & Associates, a small, regional broker-dealer here in Chicago, and … Continued
It was one year ago almost exactly the SP 500 was in the midst of a powerful rally, after the China yuan devaluation, that started late July, 2015. The rally started on “nonfarm payroll Friday” in early October ’15, with … Continued
Let’s take a quick look at revisions within the SP 500. fc-eps-estimate-revisions Hopefully this spreadsheet, which has been updated weekly for years, is helpful to readers. Note how just within the last week, 412 of the SP 500 companies have … Continued
Outside month ? See SeeItMarket here. (Read the last half of page 2 – June 30th – to cut to the chase.) Outside Year ? See Josh Brown via SeeItMarket here. Both of these articles are pretty bullish. The point … Continued
On the week, the SP 500 fell a whopping 3 points to 2,096 this week from last week’s 2,099. And last week’s close of 2,099.13 was almost the exact same as the prior week’s 2,099.06 close. Here is the progression … Continued
AT&T (T), fell 3% yesterday on nearly 3(x) average volume, after Verizon (VZ) warned about increased churn and margin pressure in its wireless business, which promptly dropped VZ 4% on Tuesday on nearly 3.5(x) average volume. A small position in VZ was sold … Continued
High blood pressure is widely known as “the silent killer” for good reason. This blog post is a continuation of our blog post from 8/5/14 on liquidity in the bond markets. Today as an RIA managing individual investor money, and … Continued
We haven’t done a Linkfest in a while. Tadas Viskanta’s “Abnormal Returns” is the gold standard amongst the blog distributor’s, but our goal is not to compete with or even try and emulate Tadas’s regular product. Instead the goal is … Continued
Having been fortunate to be invited to a fixed-income roundtable this morning to hear John Miller of Nuveen’s High Yield Muni Fund, Denise Simon, Managing Director at Lazard Asset Management, who is responsible for Emerging Market Debt, and Richard Gilmartin … 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