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
Investing is about assessing probability and the performance of the Financial sector the last 5 months, (the XLF anyway) has been less than robust and is testing critical technical support. Bernie Schaeffer’s “Chart of the Week” (Schaeffer Investment … Continued
Because of the diminished long-terms returns-on-invested-capital and the inability for many commodity companies to build what Mr. Buffett and Morningstar call the “sustainable moat”, clients have never owned substantial positions in commodity companies for longer periods of time. Yes, Alcoa … Continued
Longtime readers that pay attention to SP 500 earnings know that the typical pattern for the “forward 4-qtr estimate” is that its high print usually occurs the first week of every quarter as the trailing quarter falls off and the … Continued
This blog post (see link) was written last December, 2017, and given tax reform and the hefty 6% return for the SP 500 in January, 2018, I thought a refresher might be in order. Since Thomson doesn’t publish annual revenue … Continued
https://data.bls.gov/timeseries/LNU04000000?periods=Annual+Data&periods_option=specific_periods&years_option=all_years The above link is a data set from the BLS for post World War II unemployment rates, and with the US economy currently sitting at 4.1% unemployment the night before the December ’17 non-farm payroll and unemployment data are … Continued
Here (above) is one of the navel-gazing-esque spreadsheets put together on long weekends to examine a data point that might be interesting both to me and readers. The goal was to simply look at Q4 ’17 and 2018 SP … Continued
Once a year, looking at the top market cap weights in the SP 500 can provide some insight into the equity market’s key benchmark. The last time this was written about was here, in August ’16, or about 16 … 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
Great article by Josh Brown this Sunday, November 25, 2017. This blog post of last weekend hinted at this, but Josh more thoroughly flushes it out. Market breadth is extremely important – ignore it at your own risk. This morning’s … Continued