The JNK high-yield ETF looks the best of our three charts today, already having transcended the downward sloping trend line off the 2014 peak. The HYG is sitting just above resistance at the downward sloping trendline off … Continued
Preparing yesterday’s post, the decline in the “forward 4-quarter” growth rate for the SP 500 below 3% was a bit of a surprise. However, perusing the IBES by Refinitiv 2020 Expected SP 500 Earnings data shows that revisions are positive … Continued
So much will be written this weekend about the FOMC meeting Wednesday, but here is the snapshot of the CME fed funds future contract probabilities as of Friday, July 26th, 2019. Sure looks like we get a 25 bp … Continued
This table was published Wednesday morning, July 24th, in an update sent out by Tajinder Dhillon of IBES by Refinitiv, What’s interesting is that for the SP 500 as a whole, the “average” EPS upside surprise is 5.1%. Looking … Continued
The above graph is featured every week (and updated weekly) on the front page of “This Week in Earnings”, IBES by Refinitiv’s definitive weekly earnings report. Now compare that July 19th, 2019, graph to this one from, April 18th, … Continued
Bernie Schaeffer’s – Schaeffer’s Investment Research – “Despondent Survey” is at an interesting level: From talking to clients and reading comments on Seeking Alpha, most are still bearish on “expected forward returns” for the SP 500, and to me … Continued
About 10% of the SP 500 will report next week, and 24 of those 52 scheduled reports will be Financial companies. Here is the SP 500 Earnings data by the numbers: (Source: IBES by Refinitiv) Fwd 4-qtr est:$174.68 vs $174.87 … Continued
Source: IBES by Refinitiv sector data Here is the historical EPS and revenue growth by sector for the SP 500, which helps us compare and contrast what went on in late 2015, early 2016, with today’s growth rates (or … Continued
Dr. David Kelly and his team at JP Morgan put together – each quarter – one of the best capital market, economic and portfolio management summaries on the Street in the form of JP Morgan’s, “Guide to the Market”. This … Continued
As we rolled into the new quarter this week, the period for measuring the “forward 4-quarter estimate” rolled forward from Q2 ’19 through Q1 ’20, to Q3 ’19 through Q2 ’20. That means the “forward 4-quarter” estimate rolled from last … Continued