“Damn it – don’t ever trust your instincts” – John Cusack as Martin Blank in the all-time-great “Grosse Pointe Blank” Here is a Marketwatch article written by Mark Hulbert on Amazon. I dont know Mark, but while the article might … Continued
Since this blog post, the 10-year Treasury yield has fallen, which has put the TLT (below) close to breaking its downtrend line (price, not yield) in place since early 2015. Not being a trained technician and more an armchair observer, does … Continued
Above are two charts of the Russell 2000 (IWM). The first shows the IWM breaching its 200-day moving average last week, although the bottom of the chart shows the oversold nature of the Russell 2000 today. The 2nd chart … Continued
For “Fed Model” fans, a SP 500 earnings yield of 5.70% with a 10-year Treasury rate of 2.19% continues to indicate that stocks are more reasonably valued than Treasuries, from a relative perspective, but the Fed Model always needs to … Continued
Maybe a better title for today’s SP 500 earnings look, is “What impact did Apple’s fiscal Q3 ’17 quarter have on forward estimates” but let’s put that aside for a second. Each week on this blog the “forward … Continued
The spike in the VIX this week, brought out the various market statisticians that talked about “forward returns” around the SP 500 after such a spike, and it portends favorably for the key benchmark. That being said, if the SP … Continued
There is actually a ton of good data to write about this week, but the content will be doled out in a few separate posts. With WalMart’s earnings report due this coming week, Q2 ’17 earnings come to an unofficial … Continued
Let’s run through the weekly earnings data from Thomson Reuters I/B/E/S: Forward 4-quarter estimate: $138.42 P.E ratio: 17.9(x) PEG ratio: 1.83(x) SP 500 earnings yield: +5.59% Year-over-year growth rate of the forward estimate: +9.75% vs last week’s +9.21% Tracking the … Continued
Good chart from Chris Kimble’s technical analysis service. The sustained dollar weakness has been one of the surprises to 2017. I cant help but think at least some of it has to do with the inability of Treasury yields to … Continued