Page 38 of 39 in the Weekly Bespoke Report published Friday afternoon every week, held the best chart of all as it shows the market breadth breaking out ahead of the SP 500. Sentiment is back to being bullish, … Continued
So far, Q3 ’19 earnings are following the normal pattern. One way to tell is to watch the “revisions” pattern for the SP 500 companies, week-by-week. The attached spreadsheet shows that with the 3rd week of SP 500 earnings releases, … Continued
Microsoft reports tonight, Wednesday, October 23rd, 2019 after the closing bell, with Street consensus expecting $1.25 in earnings per share (EPS) on $32.23 billion in revenue for 10% and 11% growth respectively. The December ’19 quarter Street consensus currently is … Continued
Big numbers tend to be resistance for the key benchmark: back in 2014, the SP 500 traded through 2,000 and then the oil collapse started in Q4 ’14 and the benchmark traded back through 2,000 on the downside and really … Continued
While the US market will be reacting to the Financial sector’s earnings reports as well as guidance and commentary from the big bank CEO’s this week, and while US investors still hang on every headline about the China tariff deal … Continued
As was covered yesterday in a broader blog post on sentiment around Q3 ’19 SP 500 earnings before the first full week of reporting begins, expectations around Q3 ’19 SP 500 are quite low – which per Bespoke – is … Continued
As long as the SP 500 stays above last week’s low of 2,855, and the 10-year Treasury yield remains above 1.45% – 1.46%, it is probable that the SP 500 has a fighting chance to have a positive October return … Continued
Again, in the weekly Bespoke Report, investor sentiment – which is traditionally a contrarian indicator – should portend higher prices down the road for the SP 500. It’s a very frustrating market – we get overbought and then oversold … Continued
The 4-quarter or “forward 4-quarter estimate” for the SP 500 after rolling into October is $175.49, which now covers the period from Q4 ’19 to Q3 ’20. This compares to last week’s forward estimate of $170.58, which covered the period … Continued
This “style box” update is refreshed every 6 weeks for readers so that the various market caps and styles can be tracked in terms of market leadership. While there was a sudden and sizable rotation from Growth to Value … Continued