(This blog post was written Friday night, August 16th but inadvertently saved as a “draft” instead of being published. It’s a few days old, but not much has changed.) Thomson Reuters used to have a guy that managed the “This … Continued
The Financial sector has been an overweight for some time in client accounts, and it’s hurt performance the last two years, or since Jan 1 ’18. Client’s biggest financial weighting has been Schwab given its asset-gathering prowess (and it is … Continued
Reading the headlines this week around the 800 point drop in the Dow, which was the largest point drop ever in one day, but – I think the source was Charlie Bilello at Pension Partners – who noted that in … Continued
After “value” started out 2019 pretty well, outperforming “growth”, large and mid-cap growth have widened the lead again from an absolute and relative performance. What may be even more interesting is that looking at Q4 ’18, and its 13% … Continued
Jeff Miller, (www.dashofinsight.com) had a great title to his blog post this weekend “Get Out, Hide Out or Ride it Out”. It sums up the current market environment perfectly. This blog has always been fortunate to be picked up by … Continued
For 2019, the expected growth rate this calendar year for SP 500 earnings is just 2%. That’s pretty low. For 2020, as of this week, the “expected” SP 500 earnings growth rate has fallen to 11%, down from 12%, an … Continued
This current period of market anxiety really started with the meltdown and VIX spike that began late January ’18. This followed a remarkable period of calm from Q1 ’16 through January ’18 where the SP 500 returned roughly 12.5% in … Continued
Last week, the 2020 expected growth rates by sector were noted on the blog here. This week, what has caught my eye again, is that during a period when there is typically a slow erosion of forward estimates downward, the … Continued
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