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Insightful market commentary from a fresh perspective.
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Will 2018 be a Year of “P.E Contraction” ?

December 15, 2017 Brian Gilmartin Leave a comment

Suddenly all the prognosticators are bullish. Individual investor sentiment had risen the last few weeks: Bespoke put out their graph…

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Posted in: Morningstar data, Standard & Poors Earnings Data, stock market sentiment

Since 1970, In Years When the SP 500 Returned 20%, What (Usually) Happened Next ?

December 11, 2017 Brian Gilmartin Leave a comment

Morningstar’s Stock, Bond, Bills & Inflation has some interesting long-term capital market information, much of it from Morningstar’s acquisition of…

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Posted in: 2018, SP 500 Historical Framework

What SP 500 Earnings Estimates Are Not

December 9, 2017 Brian Gilmartin Leave a comment

Bob Doll, Nuveen’s excellent strategist here in Chicago was on CNBC Wednesday here and he talked about the SP 500 possibly…

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Posted in: GM, JCP, PE expansion / contraction, Weekly Earnings Update

Tax Reform Complicates SP 500 Earnings Analysis – Thoughts about 2018 SP 500 EPS

December 2, 2017 Brian Gilmartin Leave a comment

Here was the latest “cash repatriation” math for large-cap Tech in the event of major tax reform passing, and with…

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Posted in: 2017 Tax reform, 2018, Cash repatriation s/sheet, CME, Financial sector, Financials, JPM, SCHW, Technology

A look at 4th Quarter ’17 Earnings Expectations w Cash Repatriation updated spreadsheet

November 30, 2017 Brian Gilmartin Leave a comment

Q4 ’17 revenue expectations:  Energy: +17% Technology: +10% Basic Mat: +9.7% Utilities: +7.6% Industrials: +7.2% Real Estate: +6.4% Cons Disc:…

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Posted in: 2017 Fiscal Policy, Cash repatriation s/sheet, SP 500 Revenue Growth, Standard & Poors Earnings Data

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