In 2017 virtually all stocks outside of the energy sector moved steadily higher. In 2018 our forecasted corrective period bifurcated the market into Trade War sensitive stocks and those with stellar earnings and immunity to trade retaliation. Essentially tech has been the big winner. One of the big losers has…
The stellar 2017 gains in all major stock indices were earnings driven. In 2018 it’s news driven. SP 500 earnings grew an excellent 16% in 2017 with a 19% gain in stocks and profits have expanded to an 8 year high of 25% growth in the first quarter of 2018, well…
The relentless 14 month rally in global stock markets that peaked in January 2018 has been followed by a 13% correction over the past 3 months that will remain static to lower until the trade tantrum on tariffs is resolved. We have seen first hand and globally the torrid pace…
Economic data in the US and abroad slowed in March. We believe this is the pause that refreshes. Manufacturing capacity and supply chain constraints have become too extreme for production to meet demand. Limited labor and material supplies continue to elevate delays in shipments and vendor deliveries. This summary from the…
Much like mortgage debt is to home prices, equity investor margin debt is to stock prices. With the Dow rising 25% and hitting new record highs every fourth day on average during 2017, borrowings for stock purchases have been hitting new records in tandem. The Fear of excessive margin debt…
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