The above chart is a weekly UUP chart, named as a “dollar bull” vehicle, for which the primary contract holdings are found in the link. Tied primarily to the euro and the yen, the UUP rallies when these two … Continued
The American Association of Individual Investors (AAII) puts out a weekly investor sentiment survey and this week the AAII investors that voted themselves as being bullish on the market, totaled a whopping 32%. Here is the summary data: AAII % … Continued
The above chart was provided by Gary Morrow, a solid technician who writes with a few other guys at “This Week on Wall Street” (http://thisweekonwallstreet.com/). The significance of the above chart will be addressed shortly. The 10-year Treasury yield … Continued
In last weekend’s post on SP 500 earnings, we looked at the weekly rate of change in the SP 500 2019 EPS estimate. Here is the same data looking at the year-over-year change in the 2019 SP 500 EPS estimate: … Continued
Looking at all the data this past week, the metric that jumped out was the 15 basis point climb in the 10-year Treasury yield from 2.85% to 3% even as CPI came in softer-than-expected. Thomson had Oracle reporting this past … Continued
With next weekend being the anniversary of the Lehman bankruptcy, this coming week the financial media will likely be flooded with stories, recollections, “the wisdom of hindsight” type of reflection (and it’s starting already), that is helpful in not repeating … Continued
For many in the investment business, the technical definition of a “bear market” is – statistically anyway – a 20% correction. Would you fire your advisor if the stock market saw a 20% correction in the next 4 weeks ? … Continued
One of the classic years we saw “PE compression” was 1994, when Alan Greenspan really caught the Street and the investment community off guard, and raised the fed funds rate 6 times that year, after a surprisingly-strong Q4 ’93 GDP … Continued
Michael Batnick, Ritholtz Wealth’s Director of Research, puts up a chart that perfectly articulates the what-seems-to-be misplaced anxiety over the Technology sector these days, and the constant comparisons to Technology’s halcyon days of the late 1990’s. Apple no doubt … Continued
Updating the weekly numbers: (Thomson Reuters) Fwd 4-qtr est: $169.21 vs last week’s $169.13 P.E ratio: 17x PEG ratio: 0.77x SP 500 earnings yield: 5.83% vs last week’s 5.88% Year-over-year growth of fwd est: +22.39% vs last week’s +22.20% With … Continued