INVESTORS FOCUSING ON PROFIT MARGINS AS RISING PRICES, WAGES START TO BITE — SOURCE: 06-08-18 Reuters – “Investors focusing on profit margins as rising prices, wages start to bite” — NEW YORK (Reuters) – For years U.S. inflation has been the dog that did not bark, but rising prices and wages are now showing signs […]
MM Fundamentals
MARKET VALUATION IMPROVE SLIGHTLY
MARKET VALUATION IMPROVE SLIGHTLY
FUNDAMENTALS – FUTURE GLOBAL CORPORATE EARNINGS LOOKING DISMAL!
FUNDAMENTALS – FUTURE GLOBAL CORPORATE EARNINGS LOOKING DISMAL!
MORE THAN HALF OF 2018 EARNINGS GROWTH EXPECTED FROM TRUMP’S TAX CUTS & STOCK BUYBACKS
MORE THAN HALF OF 2018 EARNINGS GROWTH EXPECTED FROM TRUMP’S TAX CUTS & STOCK BUYBACKS — SOURCE: 03-12-18 ZeroHedge – “More Than Half Of 2018 Earnings Growth Is From Trump’s Tax Cuts And Stock Buybacks” — So to summarize: 9 years into the world’s 2nd biggest bull market, in the second longest economic expansion in […]
DIVORCED FROM REALITY: PRICE & FUNDAMENTALS
DIVORCED FROM REALITY: PRICE & FUNDAMENTALS SOURCE: 03-07-18 John Coumarianos via RealInvestmentAdvice.com, There are many ways of assessing the value of the stock market. The Shiller PE (price relative to the past decade’s worth of real, average earnings) and Tobin’s Q (the value of companies’ outstanding stock and debt relative to their replacement cost) are likely the […]
FUNDAMENTALS: MARKET NO LONGER DIFFERENTIATES “GOOD COMPANIES” FROM “BAD ZOMBIE COMPANIES”
FUNDAMENTALS: MARKET NO LONGER DIFFERENTIATES “GOOD COMPANIES” FROM “BAD ZOMBIE COMPANIES” $20 trillion in global liquidity has turned: Bears into bulls, Shorts into longs, Rendered the distinction between “bad” companies and “good” companies irrelevant as far as share prices are concerned, and Driven cross-asset volatility so low that banks are now clamoring for a piece […]
FUNDAMENTALS: MARKET REMAIN HISTORICALLY OVERVALUED
FUNDAMENTALS: MARKET REMAIN HISTORICALLY OVERVALUED — SOURCE: 12-05-17 Doug Short – “Market Remains Overvalued” — Here is a summary of the four market valuation indicators we update on a monthly basis. The Crestmont Research P/E Ratio (more) The cyclical P/E ratio using the trailing 10-year earnings as the divisor (more) The Q Ratio, which is […]
PROFIT GROWTH IS HISTORICALLY PROVEN TO BE MEAN-REVERTING
PROFIT GROWTH IS HISTORICALLY PROVEN TO BE MEAN-REVERTING — SOURCE: 11-30-17 RealInvestmentAdvice.com – “The Mean-Reverting History Of Profit Growth” — As the markets push once again into record territory the question of valuations becomes ever more important. While valuations are a poor timing tool in the short term for investors, in the long run, valuation […]
EARNINGS – KEY METRICS
EARNINGS – KEY METRICS https://insight.factset.com/hubfs/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_110317.pdf
FUNDAMENTALS – MARKETS REMAIN OBSCENELY OVERVALUED
FUNDAMENTALS – MARKETS REMAIN OBSCENELY OVERVALUED — SOURCE: 11-03-17 Doug Short – “Market Remains Overvalued” — Here is a summary of the four market valuation indicators we update on a monthly basis. The Crestmont Research P/E Ratio (more) The cyclical P/E ratio using the trailing 10-year earnings as the divisor (more) The Q Ratio, which […]