Another perspective on SP 500 earnings

Year S&P 500 Ex-Energy Energy % 2014 118.78 113.77 4.2% 2015 117.46 104.89 10.7% 2016 118.32 117.36 0.8% Source: Thomson Reuters I/B/E/S   The current estimate for 2017 as of this weekend is $131.07, which is 11% expected SP 500 … Continued

Energy Overweight is Not Working

The API data last night, and the EIA data this morning both showed a build in crude inventories which sent crude oil down 4% – 5% today (despite the shortfall in gasoline inventory) and also sent the XLE, IYE and … Continued

One amazing metric…

Bullish Sentiment Lower: What Else is New? The one still amazing metric about this bull market in the SP 500 is that – according to the American Association of Individual Investors (AAII), the percentage bullish within their survey base has … Continued