Different messages coming out of two financial ETFs – KBE vs. XLF KBE similar to KRE, regional bank ETF, while XLF is large cap-dominated C&I loans have been growing nicely, but so is inventories-to-sales ratio, muddying picture How did U.S. … Continued
Chair Yellen brings up issue of “elevated” P/E and P/S ratios In 1996 and 2014, markets ignored Fed chiefs’ valuation warnings Tight R between SPX and operating earnings, which probably peaked in 3Q14 One of the nuggets in Federal Reserve … Continued
As suggested last week, the Russell 2000 Small Cap Index has met with resistance. The index seems to be putting in a top, at least in the near-term. To refresh, late-February/early March, previously hot, momentum-packed groups such as small-caps, biotechs, … Continued
Breakouts are galore in U.S. equities. Of the three major indices, the S&P 500 and the Dow Industrials have managed to push into record territory. The Nasdaq is a laggard – yet to get past early-March highs. Ditto with the … Continued