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Insightful market commentary from a fresh perspective.
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Despite Tariff Fears, ’19 and ’20 SP 500 EPS Estimates See First Signs of Improvement

May 10, 2019 Brian Gilmartin Leave a comment

  May seem like a small data point but this week showed the first sequential improvement in the “4-week” rate…

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Posted in: 10-year Treasury yield, SP 500 Earnings Yield, SP 500 estimate revision data

Credit Markets Give Green Light to All-Time SP 500 Highs

May 5, 2019 Brian Gilmartin Leave a comment

Before the last January ’18, February ’18 plunge in the equity markets. the SP 500 peaked on January 26th, 2018…

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Posted in: Bond Market(s), Corporate High Yield, Credit markets

SP 500 Earnings: Slowly Improving, Although Technology Earnings are Lagging the Recovery

May 4, 2019 Brian Gilmartin Leave a comment

  This graph, which appears weekly on the first page of I/B/E/S by Refinitv’s “This Week’s in Earnings” sometimes tells…

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Posted in: 2019 SP 500 earnings, Weekly Earnings Update

Apple Reports Tonight: Stock Rangebound as Business Model Transition Evolves?

April 30, 2019 Brian Gilmartin Leave a comment

This weekly chart of Apple shows that – while the stock has had a nice bounce since the December ’18…

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Posted in: Apple (AAPL)

The Dollar, Market Breadth, High-Yield Bond Market Health and the VIX

April 28, 2019 Brian Gilmartin Leave a comment

The SP 500 closed within one point of September, 2018 all-time last Friday. You’d have to think “everyone” is watching…

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Posted in: Bond Market(s), Credit markets, Market breadth, US Dollar, UUP, VIX Filed under: VIX

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Fundamentalis

  • JPMorgan, CitiBank Earnings Previews: Share Repurchases and Capital Return Are Probably Under-Appreciated
  • SP 500 Earnings: Quarterly Bump, 4th Year in a Row of +10% Returns, SP 500 Earnings Yield
  • Thinking About the 60% / 40% Balanced Portfolio – “Average, Annual” Bond Returns
  • Micron Technology Earnings Summary: Perspective on the Memory Cycle and Micron’s Business Model Adjustments To It
  • Nike Earnings Preview: Valuation More Reasonable, but EPS / Revenue Estimate Revisions Still Moving Lower

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