S&P 500 hits record $20T market cap as warning signs mount

S&P 500 hits record $20T market cap as warning signs mount

This morning the S&P 500 reached $20 trillion in market cap for the first time in history even though investors have been flocking out of active management funds and into passive ones, such as exchange traded funds (ETFs), at an accelerating rate. This is typically the behavior we see nearing market tops. As markets move […]

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Investors are strongly…. neutral but then there's TINA & JOLTS

Investors are strongly…. neutral but then there's TINA & JOLTS

As the S&P 500 repeats its attempt to break through the 2015 highs and get out of the trading range it has been in for over two years, investors are strongly…neutral, (once again) at least according to the American Association of Individual Investors survey. US Investor Sentiment, % Neutral data by YCharts In fact to find […]

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First Quarter Earnings Recap

First Quarter Earnings Recap

Just over 2,500 companies reported for the March quarter with 60% of companies posting better-than-expected earnings results, which is 2% below the average quarterly beat rate since 1999 and is well below the beat rate from the last quarter. This is now the fourth consecutive quarterly year-over-year  declines in earnings since Q4 2008 through Q3 […]

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Elle On RT's Boom Bust Talking June Rate Hike

On May 4th I spoke with Ameera David on RT’s Boom Bust about the likelihood that the Fed will hike rates in June. We discussed the ongoing earnings recession facing companies, the continued decline in top line revenue and how that will affect the recent uptick we’ve seen in wage pressures. We also talked about […]

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Bear Markets Ahead?

Bear Markets Ahead?

The third quarter ended with all the major indices in the red for 2015, with small cap stocks as well as the industrials delivering the weakest performances… so the big question is are bear markets ahead? Every sector also ended the quarter in the red for the year, with the one exception of Consumer Discretionary, which barely […]

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Earnings Season

Revenue growth for US companies hasn’t been terribly inspiring, yet earnings have been respectable. So far this earnings season, as of Friday, 90% of the companies in the S&P 500 have reported actual results for Q2. 74% have reported earnings above estimates, which is above the 5-year average 50% have reported sales above estimates, which is […]

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Market and Earnings Season Update

Market and Earnings Season Update

Over 700 companies have reported earnings so far this season. As of Friday 4/25, 61.1% of all U.S. companies had beaten consensus earnings estimates, which is just slightly below the 62% from last quarter and is consistent with the rate we’ve seen during the current bull market.                 […]

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February MarketWatch

February MarketWatch

This month’s MarketWatch is a bit more positive than last month’s.  From Dec 31st, 2013 to the lows for the year to date on Feb 3, the S&P 500 pulled back 5.8%, while the Dow Jones 30 gave back 7.3% in the same time frame.  Both indexes rebounded in February, with the S&P 500 now […]

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