Worries Grow over OPEC’s Output Cut
As recently as 10 years ago, a $4 drop in the price of crude oil prior to an OPEC meeting and worries over the cartel lacking any consensus would be a huge positive for the stock and bond markets. Not … Continued
Monthly Archives: November 2016
SP 500 Forward Growth Rate Rises above 4%, First Time since Mid-January ’15
The big data point that stuck out this week was the all-important year-over-year growth rate of the “forward 4-Quarter” estimate. We’ll walk through the numbers in a second, but the other aspect of the numbers that jumped out was that … Continued
What’s Up With the Health Care Sector – Investors Fleeing Defensive Sectors ?
The Health Care sector rally that started with President-elect Trump’s victory on November 8th, and the defeat of Proposition 61 in California, has fizzled out before the Financial and “return-to-global-growth” rally within other sectors like Basic Materials, etc. Given the … Continued
Happy Thanksgiving – Major Indices at All-Time-Highs This Week – Reason to Sell ?
This Is Not Bearish The above link is from a guy by the name of Michael Batnick, the research director at Rithotz Wealth Management, a firm whose work I follow and consider to be very “thoughtful” over the years. Michael … Continued
Dodd-Frank and its Impact on Big Bank Revenue
The Financial sector started to rally about a month before the Presidential election, with the results of the November 8th election, sending the sector even higher, for it’s best rally since 2013. The election catalyst with the Republican Congress and … Continued
All Eyes on 2017 Earnings Now
Readers will kept abreast of sector changes and such over the next 6 weeks of the quarter, but really all eyes should be on 2017 SP 500 earnings estimates and the potential impact from not just personal tax rate reductions, … Continued
Stay With The Energy Sector
Today’s EIA Energy data (see bullet points just below) should have sent the sector skidding lower, but it didn’t. (Cut-and-pasted from Briefing.com:) The EIA reports that for the week ending Nov 11: Crude oil inventories had a build of +5.274 … Continued
Can the US Bond Market see a Decade of Flat to Negative Returns as the SP 500 did in the 2000’s ?
Jeff Gundlach, the “new” media-appointed Bond King in the last year, (and Jeff has made some good calls) who runs his own bond firm, DoubleLine Capital, was on CNBC yesterday (11/11/16) and weighed in on all things political, economic and … Continued
Q4 ’16 Earnings Now Less Important – Next 12 Months Could be more About P/E Expansion
Per Thomson Reuters, with 455 of the SP 500 having already reported their Q3 ’16 financial results, SP 500 earnings have grown 4.1% year-over-year, while excluding Energy, the SP 500 earnings have grown +7.7%. This is pretty good earnings growth … Continued
Health Care Sector: Investors Need to Pick Your Spots
Thomson Reuter’s quick peek at Health Care earnings as of 11/7/16: # of # Earnings Revenue Health Care Cos Rep Surprise Above Match Below Growth Surprise Above Match Below Growth Biotechnology 8 8 2.1% 75% 0% 25% 2.1% 0.5% … Continued