Updating the numbers this holiday weekend, the expected 2019 SP 500 estimate today is $162.20 vs 2019’s actual tax-cut-aided $161.93, so there is now a whopping difference of $0.27 between the two years actual SP 500 EPS, which puts 2019’s … Continued
Contrary to most investors thinking that gold is primarily an inflation hedge, thinking about gold and its correlation to long-term equity returns, my own opinion is that gold is really a hedge for sub-par equity market returns, and gold and … Continued
The bottom row of the above section of spreadsheet shows that the “1-year % chg” has now improved for 4 straight weeks (hopefully that will continue) but I’d like to see another few weeks of growth in order to … Continued
With Schwab’s balance sheet restructuring, check out the changes in cash-flow generation for the discount-broker-cum-asset-management king, the last 3 years. While some of this might be temporary, the cash-flow and free-cash-flow improvement means that Schwab (SCHW) COULD return more capital … Continued
Each quarter Dr. David Kelly, the Chief Global Strategist for JP Morgan and his team, publish the “Guide to the Market” (GTTM) which is 70 – 75 pages chock full of some of the best capital market, economic and … Continued
With yesterday’s post, the SP 500 earnings data was not posted. SP 500 earnings data (by the numbers): Using forward earnings data: Fwd 4-qtr est: $172.51 vs last week’s $172.90 Fwd PE: 18x Fwd PEG: 43x (will explain this further … Continued
Per IBES 461, of the SP 500 have reported their Q3 ’19 results. We continue to lap toughest quarter of 2018 in terms of quarterly earnings, as Q3 ’18 saw SP 500 EPS grow 28% and SP 500 revenue grow … Continued
Here is our twice-quarterly style box spreadsheet for readers. To preface the content, using iShare ETF’s for style-box returns, Value is clearly outperforming Growth across all market-caps. However, using the Vanguard style-box ETF’s and YTD returns, the Growth style … Continued
Apologies for the condensed spreadsheet but i wanted to show readers the consistency (so far) of expected 2020 SP 500 EPS growth. The expected 10% EPS growth today was 12% last June, versus 10% today. Like the good country … Continued
With 466 of the SP 500 having reported 3rd quarter ’19 earnings, the earnings season officially ends this coming week when Cisco (CSCO) and Walmart (WMT) report their respective October ’19 quarters. The big news this past week was the … Continued