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Not all profit margin data are created equal. Elga explains why we focus on profit margins in the national accounts data (NIPA) and shares where they appear headed. Earnings are a key driver of equity returns. That's why we care about profit margins, which we expect to fall this year . ...
When this blog post was written about a month ago, the S&P 500 EPS estimate revision data was exhibiting the kind of negative revisions that have been previously seen in first quarters since I began tracking the data in the fourth-quarter 2009. In other words, when there has been "weak...
After last week's failed breakout attempt , the second week of February 2019 saw the level of the S&P 500 (Index: SPX ) broke out above our redzone forecast range on Friday, 15 February 2019, boosted by the speculation of improved prospects for a trade deal being reached between the U....
Originally published February 16, 2019 This chart got a lot of play on Twitter on Friday and Saturday morning, and it tells, but also stimulates, a more important question (maybe): Just how far out does the S&P 500 (the index) discount earnings data? Here is the "4-week change" in th...
Energy and Basic Materials, as well as Technology - led by Apple (AAPL) - have been the biggest drag on expected full-year 2019 earnings growth for the S&P 500. Energy is the biggest drag, falling from an expected 26% growth rate on October 1 '18 to today's 8.5% decline (Clients have not...
S&P 500 daily chart as of 1/25/19 Trading back above the downtrend line will be the second major test after the S&P 500 recovered its 50-day moving average near 2,600. The government shutdown likely took the Fed/FOMC off the table for a while in terms of the US economy, although ...
In this article, I'll discuss the two primary paths for the coming machinations in the S&P 500 Stock Index and a view of how active investors and traders position to minimize losses and maximize profits. Let's start with the monthly chart showing the move up off the 2009 low (birds-eye v...