Within the SP 500 there are 10 sectors that comprise the key benchmark, and it remains my preferred way of dissecting the market for clients, and giving clients an orderly structure or framework to think about the giant morass that … Continued
For many weeks of the quarter, SP 500 earnings discussions are bland and droll: outside of the weekly number updates, there is often little remarkable or out of the ordinary that is interesting. This week however, the “Forward 4-quarter SP … Continued
Thanks for reading this blog this year. Here is our bullish case for 2016, and here is the biggest worry headed into the last two weeks of 2015, which hasn’t really materialized. We’ll be out with earnings-related blog posts … Continued
Yesterday, on this blog, we articulated the bullish case for stock prices for 2016 (here), referencing and linking to some of my favorite sources. One of the mistakes i learned from the late 1990’s and 2007 was NOT giving freight … Continued
Per Bespoke, bullish sentiment is at a 3-year low (according to Bespoke’s sentiment work published late this week), and with the Fed rate hike, perhaps there is more pain to come to the downside, even though we are entering two … Continued
“Fed Model” fans are familiar with the SP 500 earnings yield, since it is the Fed Model calculation that subtracts the 10-year Treasury yield from the Earnings Yield of the SP 500 (calculated by using Thomson’s forward 4-quarter earnings estimate … Continued
http://thisweekonwallstreet.com/stocks-versus-commodities/ The above link is a chart from “This Week on Wall Street”, a blog run by Doug McKay and Gary Morrow. As soon as I opened the link, my first thought was “Nasdaq in the March of 2000” but … Continued
With companies holding their annual investor days throughout December, the earnings estimates will start to take shape for full-year 2016, as analysts update their models using both their own inputs and what they are hearing from management. This week, Home … Continued
Factset had the most cogent metric this week, with their weekly “Earnings Insight” by John Butters noting that, thanks to Energy and Basic Materials, Q4 ’15’s earnings decline is projected at 4.3%, with Factset noting that this will be the … Continued
Readers know that as a huge fan of Bespoke Research, I like to copy and paste some of their work to this blog as a source of reader enlightenment (hopefully). Yesterday’s Bespoke Key ETF performance recap (dated November 30, 2015), … Continued