The 1Q19 earnings season is upon us. Expected growth has softened. The bar is low. The sell-side expects growth to pick up speed in the second half. Operating earnings of S&P 500 companies are expected to grow 9.1 percent this … Continued
There are signs of macro deceleration. Equities may be starting to price this in, but are not panicking. If the S&P 500 rallies near term, how investors behave around 2800 can signal what kind of deceleration lies ahead. On October … Continued
SPY last week was rejected at channel resistance, coming up $0.63 short of surpassing the all-time high of $286.63 reached January 26. The path of least resistance is down. A covered put might help. There are interesting dynamics at play … Continued
The US dollar index has rallied strongly in the past five weeks. This can potentially have consequences for US inflation, exports, economy, earnings and what not. But was the rise enough for FOMC members to discuss in the March meeting? … Continued
Intraday over seven sessions, SPY rallied 5.4 percent. If not an outright reversal, at least a breather is the path of least resistance near term, creating opportunity to earn premium in options. The 1Q18 earnings season is nearly over. As … Continued
If investor/trader reaction last Friday to financials’ 1Q18 results is any indication, we are in for some interesting weeks ahead. First-quarter earnings season began in earnest last week. For 1Q18, the sell-side expects $35.63 in operating earnings from S&P 500 … Continued
Once Again, a rally in VIX was used as an opportunity to sell – sell hard. Last Friday, in the wake of the Michael Flynn news, VIX shot up to 14.58 intraday but only to end the session up 0.15 … Continued
The 2Q17 earnings season gets underway in earnest this week. S&P 500 companies are expected to earn $31 out of operations, which compares with $28.82 in 1Q17 and $25.70 in 2Q16. If earnings come in as expected, they would have … Continued
The final numbers are in for buybacks, and it continues to show a decelerating trend. In 1Q17, S&P 500 companies spent $133.2 billion in share purchases– down 1.6 percent quarter-over-quarter and down a whopping 17.5 percent year-over-year. One year ago, … Continued
After President Donald Trump won the election last November, U.S. bonds and stocks had a massive positive reaction. The former sold off, the latter rallied. On November 8 (election day), TLT, the iShares 20+ year Treasury bond ETF, closed at … Continued