Nothing has really changed yet in terms of “style-box” returns with Growth outpacing Value and Large-Cap beating Small-Cap. Late in the week of May 222nd, The CFA Society of Chicago held a webinar with Gina Adams of Bloomberg (one … Continued
The constant focus on SP 500 earnings often overlooks the importance of SP 500 revenue. The same quality analysis of SP 500 earnings by IBES data by Refinitiv, doesn’t always extend to SP 500 revenue. Readers of Refinitiv data reports … Continued
Bespoke’s research is dollar-for-dollar one of the best returns for the expense that Trinity sees every year. From the Bespoke Weekly Report, this one page details the history of 25% rallies over 40 days, and what that portends for … Continued
First off, a quick “hat-tip” or shout-out to Nicholas Colas and Jessica Rabe at DataTrek Research, which have been posting similar FRED (Federal Reserve Bank of St Louis) charts on the US corporate credit markets. After … Continued
Using Refinitiv’s Earnings Aggregates published this morning, Friday, May 22nd, 2020, and updating our spreadsheet, readers can see the continued decline in the rate of erosion in forward estimates, which – all other things being equal – should be … Continued
This weekend’s Weekly Earnings Update which was really the SP 500 forward earnings curve is/was another sign that SP 500 earnings revisions are getting less negative. There are different ways we can look at the core IBES data (provided by Refinitiv), … Continued
(Estimate source is IBES data by Refinitiv, This Week in Earnings) This has been a common theme the last few weeks, but the fact is the sequential and 4-week rate of change of the forward estimates are still falling at … Continued
Looking at the carnage today, the one aspect of the trade that stood out was the lack of damage to the two emerging markets ETF’s, VWO and EEM. The VWO fell -0,30% today and the EEM, fell 19 bp’s, far … Continued
Using some interim IBES data by Refinitiv reports, here is the “forward earnings curve” for the SP 500. This Week in Earnings comes out tonight. As readers can see using the base case the 2020 SP 500 estimate, the … Continued
The advantage of the “forward earnings curve” for the SP 500 is that it fills in the interim periods between calendar year EPS, and provides some concrete – albeit constantly changing – earnings data between the calendar years. Starting … Continued