Global Asset Allocation Update – Thursday, Jan. 4
There is no change to the risk budget this month. For the moderate risk investor the allocation to bonds is 50%, risk assets 45% and cash 5%. The extreme overbought condition of the US stock market persists so I will continue to hold a modest amount of cash. There are some minor changes within the […]
Hot Options Report For End Of Day – Thursday, Jan 4
Top tickers for the end of the day: BAC, JCP, AAPL, KO, RCII and DAL.
Sandstorm Gold 2017 Production Figures
Today Sandstorm Gold (SAND), one of my favorite streaming companies, announced production figures for 2017. Here is the chart showing historic figures: source: Simple Digressions The picture is clear – there is steady growth at Sandstorm. Each year the company adds new streaming / royalty contracts and lifts up the amount of gold equivalents delivered. However, […]
David Tepper: Stocks Are Just As ‘Cheap’ Now As They Were Last Year
Look at where multiples and rates were in 1999. I’m not saying stocks are screaming cheap, but you’re nowhere near an overheated market. Any comparisons to past overheated markets are ridiculous. That’s what David Tepper told CNBC back in September and by God, he’s sticking with that assessment in the new year. Who knows, maybe […]
S&P 500 Tops 2,700: ETFs & Stocks Outperforming To Start 2018
The U.S. stock market witnessed a strong start to 2018 given that last year’s bullishness remained intact. The S&P 500 index topped 2,700 for the first time led by technology stocks. Investors are bargain hunting tech stocks after the recent sell-off given the high potential of growth in the sector. In particular, chipmakers are driving […]
Alternative Investment ETFs’ Year-End Review
My New Year’s resolution for 2018 is to check my calendar more closely. I slipped badly in 2017 when I failed to offer a year-end review of alternative investment ETFs until May. I blamed the delay on last year’s political and financial mishegas. Not that there’s any less of that in 2018; I’m just not […]
Dow Tops 25k As Gold Surges To All-Time Record Win Streak
Video length: 00:03:18 The Dow reached 25,000 for the first time today. The move from 24,000 on 11/1 was the fastest (in terms of calendar days) ever for a 1000-point move… Source: WSJ But adjusted for the percentage difference that 1000-point gain is at 24k vs 10k etc, this latest move is the 4th fastest […]
S&P 500 P/E Ratio Approaching 23
As the S&P 500 climbs higher and higher, its trailing 12-month P/E ratio continues to climb as well. And there won’t be much opportunity for multiple compression until the bulk of S&P 500 companies report Q4 numbers in late January. As shown below, the S&P’s 12-month P/E is now at 22.88 — just a hair […]
The Latest Look At The Total Return Roller Coaster – Thursday, Jan. 4
Note: We’ve updated the charts below based on monthly data through December. Here’s an interesting set of charts that will especially resonate with those of us who follow economic and market cycles. Imagine that five years ago you invested $10,000 in the S&P 500. How much would it be worth today, with dividends reinvested but adjusted […]
Junk Bond Spreads The 4th Tightest To Start A Year Since 1998
2018 Starts Off With A Bang The stock market is looking like it’s about to do the impossible, have a repeat performance of 2017 which was in the 99th percentile in terms of risk versus return. The first two days have been great. In the S&P 500, the first two days of 2017 were up […]
