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Archives by Year:
Great Graphic: Surprise – S&P 500 Outperforming The Dow Jones Stoxx 600
Many asset managers have been bullish European shares this year. European and emerging market equities are among the favorite plays this year. Surveys of fund managers find that the allocation to US equities is among the lowest in nearly a decade. The case against the US is based on overvaluation and being a crowded trade. Many are […]
The ECB’s Impact On The Bond Market In One Chart
Earlier today, the ECB updated the list of corporate bonds it bought in the latest week. While no individual bond purchase amounts were given, the ECB has bought into 980 issuances with a total of €683bn in amount outstanding (from 245 issuing entities). For the week ending 21st Jul, bond purchases stood at €0.7bn across […]
Economic Prospects Yielding To Reality
Post-election zeal is flagging. We’re now six months into the new administration and seeing enthusiasm for the Trumpian utopia of slashed taxes and steroidal GDP growth seemingly waning. That’s if yield spreads are any guide. It’s the premium of the ten-year T-note yield over the S&P 500 dividend payout, in particular, that’s sending signals. […]
Treasury ETFs Rally On Falling Inflation Expectation
The stock market is enjoying all-time highs no doubt, but the simultaneous rally in the fixed income market is also worth noting. This phenomenon is not common as both the stock and fixed income markets are inversely correlated to each other. This is because risk-on trade sent the stocks higher while risk-off pushed bonds higher. […]
Q2 Expected To Have 2.25% Annualized GDP Growth
Q2 Optimism Along With Weak Philly Fed The two Q2 GDP forecasts from the Fed increased slightly even though one of the most important economic reports of the week showed a sequential decline. This was because it was a July report which is outside the second quarter. We’ll go over the changes in the forecasts […]
Gasoline Volume Sales And Our Changing Culture
The Department of Energy’s Energy Information Administration (EIA) monthly data on volume sales is several weeks old when it released. The latest numbers, through mid-May, are now available. However, despite the lag, this report offers an interesting perspective on fascinating aspects of the US economy. Gasoline prices and increases in fuel efficiency are important factors, but there […]
Four Stocks To Check Out Before Tomorrow
(Photo Credit: Patrick Cardinal) Chipotle Mexican Grill, Inc. (CMG): Consumer Discretionary – Restaurants | Reports July 25th, AMC. The Estimize consensus calls for EPS of $2.19, two cents higher than the Wall Street consensus and an increase of 149% YoY. Currently, the Estimize community is looking for sales of $1.19B, which is inline with the Street. […]
A Look Ahead To What Could Move Markets This Week
This week we have a Fed meeting (albeit not a “live” meeting) and the first look at Q2 GDP. These are two potentially important market events that Chris Temple and I discuss in today’s call. The currency markets are telling us that investors think the Fed could back away from it’s more hawkish tone of […]
5 Great Value Picks For The World’s Priciest Market
Wall Street officially ranks among the world’s most expensive markets on a number of metrics. In fact, two-third of money managers finds the U.S. stock market’s recent record run unsettling. The dizzying ascent of U.S. stocks as a result of lofty valuations might sooner than later threaten to spark a major sell-off. In such an […]
Has College Tuition Reached Its Breaking Point?
As the father of a 5-year-old, I worry about the cost of college and I’m sure many parents of young children do. Prices at my alma mater, the University of Richmond, have risen close to 200% since I graduated in 1997. Has the quality of education also improved by that much? It’s doubtful. While amongst friends, […]
