Trading update – part II
SCOTUS rules on ObamaCare within the next hour or two. We are only long pharma, and some AMGN. Google needs to run towards $600 here. Filled a gap at $559 which has held the last two weeks. Current Google eps … Continued
Monthly Archives: June 2012
Trading update
Didnt like our blog post yesterday. Hate talking politics these days in any forum. However, politics is economics (and vice versa), and these days, when it comes to the capital markets, politics matters. Each day we seem to go back … Continued
2q 2012 almost in the books – should we dig a hole and hide ?
The headlines are unrelenting negative: 1.) Europe and the fear of a Lehman-type moment as worries over bank runs captivate headlines. This seems like it will go on for years too. Very few talk about economic growth, just the pain … Continued
S&P 500 corporate earnings update – in the dead zone in terms of earnings
For the remainder of the quarter, things will be likely quiet in terms of corporate earnings. Fed-Ex and Walgreen’s reported this morning, with FDX reversing higher on the day, and Walgreen’s down hard on heavy volume on what looks to … Continued
Wal-mart – nearing a 12-year breakout ?
Our chart of the week is Wal-mart, since it is within $2 of ending a 12-year consolidation, between the low $40’s and the December, 1999 high of $70.25. (See the chart below.) On Friday, WMT rose 3.57% on 18 ml … Continued
How client’s fixed-income / bond money is invested today
With the large-cap equity market thought to be universally cheap today, and the Treasury market universally “overvalued” (the complete opposite of the 1990’s), how do we have client fixed-income money invested today ? Briefly, we are “overweight” credit, and overweight “unconstrained” … Continued
S&P 500 corporate earnings update / S&P 500 tests key support
The S&P 500 is sitting at critical technical support near its 200-day moving average, as well as the longer-term 50-week moving average on the attached chart. The upward-sloping trend line off the 2008 – 2009 lows comes into play right … Continued