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
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
Two items read this week, were a little worrisome: 1.) Liz Ann Sonders, Schwab’s great strategist, posted this to Twitter on Thursday: During most of this secular bull market, sentiment has been a mixed bag with the AAII data … Continued
When looking at portfolio performance as of August 31, Microsoft, client’s largest holding performed pretty well in the month of August, +3.5%, and year-to-date was up over 21%, versus the SP 500’s +10.5%. Then we get to client’s #2 holding, … Continued
Updating this article from the last week of December, 2016 and this article from early, 2017, here is an update to the three favored sectors as Q4 ’16 earnings season began: FC – sectorupwardrev122516 (The spreadsheet is dated 12/25/16, but the … Continued
“The great advantage of having a reputation for being stupid: People are less suspicious of you.” Tom’s character from “4 Weddings and a Funeral” ————————————————————– One of the groups we’ve avoided for clients the last few years, has been … Continued
Long being fans of Bernie Schaeffer’s technical research and the work produced by Schaeffer’s Investment Research, we noted this chart over the weekend, put out Sunday by Bernie Schaeffer, that is entitled “Chart of the Week” and discusses Bernie’s view … Continued
CCAR is the Comprehensive Capital Analysis and Review (CCAR) instituted by the Fed and regulators after the Mortgage and Housing Crisis of 2008, that simply means that banks have to get “permission” from the Fed before paying dividends and repurchasing … 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