Frustrating Financials: Financial’s are clients 2nd largest sector weighting behind Technology for the last several years. The aboce chart shows the XLF vs the SPY from Jan 1 ’18. Certainly the flat to inverted yield curve isn’t helping. … Continued
First, for the first time in a while, the number of “positive revisions” to SP 500 estimates outnumber “negative revisions: Here’s the data and the graph: The above is a spreadsheet kept weekly on the number of positive and … Continued
A focus on the Health Care sector and historical revenue and earnings growth will come this weekend. The sector has been absolutely crushed the last few weeks. SP 500 Earnings (by the numbers): Source: I/B/E/S by Refinitiv Fwd 4-qtr est: $172.14 … Continued
This blog post addressing Financial-sector earnings came out Thursday night, which didn’t help readers, so i wante dto do one more dissection of expected SP 500 2019 earnings and make the case for Financials from a different perspective. The above … 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
That’s the $64,000 question today: will SP 500 earnings hit their trough with the Q1 ’19 earnings reports set to start in the next two weeks ? Prior to last year’s distortion of the typical quarterly earnings revisions thanks to … 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
Tremendous article by Josh Brown today on Second Chances. Couldn’t let it pass: https://thereformedbroker.com/2019/03/21/second-chances-are-important/ ————————————————- In the 1990’s the two sectors moved together and at one point in the early 2000’s, both sectors together comprised close to 50% of the market … Continued
This chart got a lot of play on Twitter on Friday and Saturday morning and it tells an important, but also stimulates a more important question (maybe): Just how far out does the SP 500 (the index) discount earnings … Continued
Here is a quick summary of how client’s were positioned in 2018, and what worked and what didnt: Microsoft (MSFT) remains client’s largest position and has been since 2013. A core position was kept in the stock during the last … Continued