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Insightful market commentary from a fresh perspective.
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Are Investors Facing a Decade of Flat to Negative Bond Market Returns ?

March 15, 2017 Brian Gilmartin Leave a comment

There is a whole generation of investors that think that bonds and bond funds, and bond ETF’s are “safe”, i.e.…

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Posted in: 2017, 2017 Fiscal Policy, Bond Market(s), interest rates, Reversion to the mean, TLT, Treasuries

Another perspective on SP 500 earnings

March 12, 2017 Brian Gilmartin Leave a comment

Year S&P 500 Ex-Energy Energy % 2014 118.78 113.77 4.2% 2015 117.46 104.89 10.7% 2016 118.32 117.36 0.8% Source: Thomson…

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Posted in: 2017, 2017 Fiscal Policy, Energy ETF's (XLE, Energy sector

SP 500 Weekly Earnings Update: Forward Growth Rate Still moving Higher

March 11, 2017 Brian Gilmartin Leave a comment

Basically, 495 of the SP 500 have reported Q4 ’16 earnings by now, so we look forward as they say,…

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Posted in: 2017, 2017 Fiscal Policy, PE expansion / contraction, Weekly Earnings Update

Energy Overweight is Not Working

March 8, 2017 Brian Gilmartin Leave a comment

The API data last night, and the EIA data this morning both showed a build in crude inventories which sent…

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Posted in: Energy ETF's (XLE, Energy sector

SP 500 Weekly Earnings Update: The Treasury Market was Busy This Week – It’s the Rate of Change that Matters

March 5, 2017 Brian Gilmartin Leave a comment

The big news this week was the Treasury market and the rise in yields, but more on that in a…

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Posted in: Biotech, Biotech sector / earnings, Health Care sector, TBF - inverse Treasury, Treasuries, Weekly Earnings Update

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Fundamentalis

  • Yield Curve Steepened Last Week, While the US Equity Indices Became Very Overbought
  • SP 500 Earnings: 2026 Expected SP 500 EPS Hasn’t Wavered Much from Expected 14% Growth Rate
  • SP 500 Earnings: Continued Upward Pressure on Forward SP 500 Estimates
  • Bond / Fixed-Income Returns Having a Good Year (so far) in 2025
  • SP 500 Earnings: SP 500 EPS Growth for 2025 Has Risen from 8% to 10% since Late June

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