Frustrating Financials: Financial’s are clients 2nd largest sector weighting behind Technology for the last several years. The aboce chart shows the XLF vs the SPY from Jan 1 ’18. Certainly the flat to inverted yield curve isn’t helping. … Continued
We are just 7 months from the calendar rolling into 2020. The first EPS estimate for 2020 was actually published by I/B/E/S by Refinitiv in early April ’18, but the sector growth rates don’t start to get tracked until the … Continued
The SP 500 earnings yield was 6.05% as of Friday’s close, and the 2nd week in a row where the key benchmark’s earnings yield was above 6%. There was a string of 22 consecutive weeks from October 5th, 2018 to … Continued
This blog post on the credit markets on May 5th, gave the first reference to the SP 500 being flat over the last 18 months. Let’s flush out the numbers a little further: 1/26/18 high tick: 2,872.87 9/21/18 high tick: 2.940.91 … Continued
Despite the market volatility this week, with the SP 500 falling 2.4% on Monday, May 13th after President Trump’s China tariff tweet, the 2019 and 2020 “bottom-up” EPS estimate “rate of change” again improved, for the 2nd consecutive week. Here … Continued
“Value” hasn’t significantly outperformed “Growth” since 2016 and even then it was only for a year or so. Is now the time where Value investing comes back in vogue ? Small and mid-cap value sub-sectors are starting to perform … Continued
Well, in a word, “yes” which should surprise no one. Back in the early 2000’s, while writing for TheStreet, there was a fellow contributor by the name of Jordan Kahn, out of LA, (Kahn Asset Management), who I thought was … Continued
May seem like a small data point but this week showed the first sequential improvement in the “4-week” rate of change in the SP 500 2019 and 2020 EPS estimate since – guess when – September 21 ’18. At … Continued
Before the last January ’18, February ’18 plunge in the equity markets. the SP 500 peaked on January 26th, 2018 at 2,872 – 2,873. With Friday night’s close at 2,945, the total gain for the SP 500 (excluding dividends) is … Continued
This graph, which appears weekly on the first page of I/B/E/S by Refinitv’s “This Week’s in Earnings” sometimes tells a better story than the written word, so it is posted this week to show readers that the share-weighted earnings … Continued