Focus on the Longer Market Cycles
My own opinion is that the SP 500 and the US equity market remain in a “secular” bull market that begin in either March, 2009, or April, 2013, when the SP 500 traded over – and stayed above – the … Continued
Monthly Archives: June 2019
SP 500 Earnings – Will the Benchmark’s Forward Estimates Bottom w/ Q2 ’19 Results ?
Well the additional tariffs – if they happen – will impact the forward estimates, but expectations coming into the start of the 2nd quarter earnings in two weeks are really as low as they have been in years. The headlines … Continued
Are Financials Now a Value Play ? 12% Market Cap vs the 20% Earnings Weight
Attached is a weekly chart of Schwab (SCHW), clients 2nd largest holding behind Microsoft, and a mutual fund firm with $3.5 – $4 trillion in assets under management, assets greater than Goldman Sachs, Morgan Stanley and a host of … Continued
Will the SP 500 Retreat Again From This Latest All-Time-High ?
This daily chart shows the 3 peaks and subsequent corrections in the SP 500 since late January ’18, and now with the SP 500 closing the week at a new all-time-high (ATH) (the May 3rd ATH was 2,945), a … Continued
SP 500 Earnings Update: Expect to See $175 – $176 for Forward Estimate on July 1
We are presently in “the dead zone” of earnings reports and revisions, as – according to IBES by Refinitiv data – there were just 517 revisions to analyst estimates this week, versus the 2,300 odd changes to estimates during the … Continued
Good Breadth – One Reason to be Bullish
This morning’s Empire Report not withstanding, (the weakest since June, 2011 per Bespoke), while the market sentiment has firmly tilted to the bearish camp, “market breadth” is one reason to remain firmly rooted in the bullish camp. Here are two … Continued
SP 500 Earnings Update: All About FOMC and the G20 for Next Two Weeks
For the next four weeks, the SP 500 will see fewer earnings releases as the number of companies reporting their March ’19 quarter is now done. We will hear from a few companies like Oracle (ORCL) this week and then … Continued
SP 500 Earnings – Which Sector’s Growth Rates Have Seen Less Downward Pressure for Q2 ’19
First, let’s get to the SP 500 Earnings metrics missed this weekend: Fwd 4-qtr est: $171.52 vs $171.47 PE ratio: 16.7x PEG ratio: 3.63x SP 500 earnings yld: 5.97% vs. last week’s 6.23% Y/y growth of Fwd est: +4.7% vs … Continued
The Dollar, High-Yield Bond Market and SP 500 Revenue Growth
The two US dollar proxies followed regularly are the UUP and the DXY. The UUP is a tradeable ETF, but it generates a K-1, therefore I stopped buying it for clients. Both the DXY and the UUP have identical … Continued
Top 10 SP 500 Market Cap Weights – How Have 2019 EPS Estimates Changed ?
Since the SP 500 peaked in late September ’18, the goal of the attached spreadsheet was to give readers a feel for the change in the EPS estimates for 2019, relative to the market action and change in the SP … Continued