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
This was a relevant post by David Templeton of Horan Capital Advisors this week. I thought it was best addressed by doing a quick spreadsheet on updating the EPS estimates for the Top 10 Market Cap weights in the SP … Continued
Seasonally, the SP 500 is entering one it’s strongest periods of the calendar year. The SPY’s YTD total return as of Friday, 10/19/18, was about 5%, while the XLF and KRE ETF’s returned -3% and -6% respectively, YTD. Client’s largest … Continued
The Financial sector is one of client’s overweights and it’s lagged the SP 500 badly all year. Up just 2% YTD, versus the roughly 8% total return for the SP 500, banks and brokers have been pretty punk, with the … Continued
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