Wealth Creation Through Natural Resources
Non-GAAP earnings per share or “adjusted” EPS is the number that companies would like investors to focus on because it excludes so called “non-recurring” items such as restructuring charges, stock based compensation, and goodwill impairments etc. As a rule non-GAAP … Continued
The Dow Transports led the equity market breakout in January 2013 and this sector has undoubtedly been one of the primary leaders of the rally since; nearly doubling in the 2 years between November 2012 and November 2014. However, since posting … Continued
With the release of the March non-farm payrolls report it has become plainly evident that the US economy has not reached ‘escape velocity’ regardless of what the perma-bulls might lead us to believe. Equity futures responded by spilling nearly 1% … Continued
As illustrated by the following 2 graphics US equity investors have gone from greed to fear in exactly one month despite a relatively small movement in the market (3% in the S&P 500): While the recent price action, flattening … Continued
US equities have come under heavy pressure this week after the small-cap Russell 2000 post yet another all-time high last week. There are more than a few signs that all is not well for equities, however, the situation is not … Continued
The small cap Russell 2000 Index has exhibited relative strength for several weeks and seemingly makes another all-time high with each new day. Even as the S&P and Dow suffered some notable down days the Russell managed to remain well bid … Continued
The ultra-strong US dollar (USD) is making its presence felt throughout the globe and is on the verge of wreaking havoc on a much larger scale. A premature Fed rate hiking cycle could be the catalyst to send the USD into … Continued
The main driver of the US equity bull market and the recent slew of all-time highs has undoubtedly been corporate stock buybacks. Nearly 3/4 of S&P 500 companies (72%) participated in share buybacks during the 4th quarter of 2014 and … Continued
I was chatting with renowned technician J.C. Parets a couple of days ago for an interview that will be publish next week and he mentioned the Fibonacci cluster around 2140 on the S&P 500 as an upside target for the current … Continued
Daily Commodity Chart Wrap 3/3/2015: S&P 500 vs. Brent Crude Oil Since 2008 After being positively correlated during the 2008-2012 time period, Brent crude oil and US equities have markedly diverged in the past couple of years Gold (Daily) … Continued