The SP 500 closed above 2,822 on Friday, March 15th, 2018, which was just the 2nd close above that key level since early October, 2018. There have been three healthy corrections for the SP 500 since the 2008 bottom: 1.) … Continued
One of my lingering concerns over the Tax Cuts & Jobs Act of 2017 (TCJA) was the capping of the “State and Local Tax Deduction” (SALT) for big cities like New York/New Jersey, Chicago, and the West Coast and what … Continued
2016 was the last year where we saw the kind of correction we had in the 4th quarter of 2018, with the SP 500 bottoming in Q1 ’16. Here is the chronology of SP 500 earnings growth by quarter in … Continued
Maybe a better question for the headline to today’s blog post would have been, “What about the weekly SP 500 earnings data would have given clues to anticipating the Q4 ’18 selloff ? ” To be completely frank with regular … 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
The weekly SP 500 earnings update: Fwd 4-qtr estimate: $168.79 vs last week’s $169.13 PE ratio: 16x PEG ratio: 4x SP 500 earnings yield: +6.23% vs last week’s +6.25% Year-over-year growth of fwd est: +3.8% vs last week’s +4.2% Source: … Continued
Here is an updated table on Apple’s 2019 and 2020 EPS and revenue estimates following their earnings report: Is Apple acting as a drag on the SP 500 earnings estimate ? * Fwd 4-qtr estimate: $169.13 vs $170.01 from last … Continued
Trading back above the downtrend line will be the 2nd major test after the SP 500 recovered it’s 50-day moving average near 2,600. The government shutdown likely took the Fed / FOMC off the table for a while in terms … Continued
Q4 ’18 earnings start this week but the week following, January 14th through 18th, is when we see a whole plethora of financial services companies kick off Q4 ’18 earnings. With the decline in the SP 500 in Q4 ’18, … Continued
Earnings Roundup: Will Analysts Drop 2019 Earnings Estimates? The attached is a an article from Refinitiv’s (the old Thomson Reuters Financial’s) David Aurelio on Q4 ’18 SP 500 earnings, as well as what is expected in 2019. (Take a minute … Continued