Energy is now just 4.5% of the SP 500 market cap weight, down from a high of 15% in September, 2014, when crude oil was trading around $80 – $100 per barrel and just before the commodity tanked to $28 … Continued
The Financial sector has been an overweight for some time in client accounts, and it’s hurt performance the last two years, or since Jan 1 ’18. Client’s biggest financial weighting has been Schwab given its asset-gathering prowess (and it is … Continued
Dr. David Kelly and his team at JP Morgan put together – each quarter – one of the best capital market, economic and portfolio management summaries on the Street in the form of JP Morgan’s, “Guide to the Market”. This … Continued
Attached is a weekly chart of Schwab (SCHW), clients 2nd largest holding behind Microsoft, and a mutual fund firm with $3.5 – $4 trillion in assets under management, assets greater than Goldman Sachs, Morgan Stanley and a host of … Continued
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