Tag: US sectors
Are The Bears Going Into Hibernation?
Stocks have taken investors on an interesting ride over the last three months. During that time, the S&P 500 is up more than 4%. On the way from then to now, the large cap index suffered a 10% correction. The unrelenting bid for stocks and other risky assets hasn’t abated. But there are some clear […]
Contrarian Or Bandwagon?
The bull market for US stocks hasn’t missed a beat this year. Despite a host of issues that could have derailed the rally, the large cap index has continued to make one new high after another. It started the year at a new high of 1,850… it made a new high just shy of 1,900 […]
Financials Lead The S&P 500 Past Important Milestone
The S&P 500 closed above 2,000 for the first time ever on Tuesday. It’s an impressive milestone for the large cap index. But most people hardly even noticed… A recent Gallup poll showed that just 7% of Americans knew that the S&P 500 was up 30% last year. Given those stats, I guess the lack […]
Industrials And Health Care Lead Market Rebound
Over the last week, the S&P 500 has shaken off geopolitical concerns and moved 3% higher. Amazingly, the S&P 500 survived another pullback without breaching the 200-day moving average. In fact, the large cap index has been above this key support level for a record 435 trading days. That’s the longest stretch for the S&P […]
Industrial Sector Breakdown
We’re right in the thick of 2nd quarter earnings season. So far, companies in the S&P 500 have done a good job of beating analysts’ revenue and earnings estimates. At the end of last week, 78% of the companies in the S&P 500 that had reported beat earnings per share estimates. And today’s GDP report […]
Utilities Sector Is Overvalued
Stocks have enjoyed a nice move to the upside this year as the economy improves, interest rates remain low, corporate earnings are strong, and stock buybacks have expanded. Coming into this week, investors’ risk appetite hadn’t changed much over the last few months. Investors are positioning themselves for an upturn in economic growth. And last […]
Don’t Be Afraid To Be Optimistic
Over the past few weeks, investors have had a lot of information to digest. There’s been the usual economic data. The most troubling was the revision to US GDP that said the US economy actually shrunk at an annualized pace of 2.9% in the first quarter… the biggest drop since 2009. The main reason for […]
