The PMO Buy All Indicator is starting to weaken off of an extreme (100) level. As you can see in the chart above, it has paid to get cautious in previous instances. Continue reading “PMO BUY ALL coming off extreme level…”
Be in the know. 8 key reads for Monday…
- Richard Branson’s 8 Keys Happiness and Success (Entrepreneur)
- Whatâs Missing for a Market âMelt Upâ (Bloomberg)
- Warren Buffett made 12 predictions about bitcoin, table tennis, and his death â here’s how they turned out ()
- Happy Hour Could Be Over for Boston Beer Stock (Barron’s)
- Oil prices jump over 2% on expectations U.S. will halt waivers on Iran oil imports (MarketWatch)
- Electric vehicles emit more CO2 than diesel ones, German study shows (Brussels Times)
- Fed Officials Contemplate Thresholds for Rate Cuts (Wall Street Journal)
- Ship Orders Fall to Lowest Level in 15 Years (Wall Street Journal)
Be in the know. 9 easy reads for Easter…
- Chevy Confirms That a Mid-Engine C8 2020 Corvette Is Launching in July (Robb Report)
- The Human Body Can Heal in Astonishing Ways (Medium)
- Disciplining Kids Without Yelling: Readers Tell Us Their Tricks (NPR)
- Episode 907: Two Spring Indicators (NPR Planet Money)
- The Importance of Working With “A” Players (Farnam Street)
- The Truth About Dentistry (The Atlantic)
- The Future of Disease Testing Could Be a Kit That Lets You Do It Yourself in the Comfort of Your Home (Inc.)
- 5 Reasons Why Kindness Has Become the Key to My Happiness, Both in Business and in Life (Entrepreneur)
- Netflix Starts Testing Random Episode Button (Variety)
Be in the know. 15 key reads for Saturday…
- Health Insurersâ Stocks Have Been Battered. Now They Look Like a Buy. (Barron’s)
- Oil Prices Face New Tests After a Big Jump (Barron’s)
- Neuroscientist Changed Thinking on Brain Function (Wall Street Journal)
- Teva Pharma Gets Approval to Market Generic Nasal Spray for Opioid Overdoses ()
- Frank Sinatraâs Favorite Hangout Is Back, but Only for Two Years (Bloomberg)
- The last time semis stocks did this they dropped 14% (CNBC)
- An Abbott Labs Analyst’s 5 Reasons To Own The Stock: ‘Near-Perfect For This Environment’ (Benzinga)
- The Church of Living Dangerously: How One of Americaâs Biggest Pastors Became a Drug Runner for a Mexican Cartel (Vanity Fair)
- âTelevision Is What Gets Senators Electedâ: Private-Equity Mogul Leon Black Is Building a Local TV Empire to Rival Sinclair and Fox (Vanity Fair)
- Scientists Find Genetic Variants That Prevent Obesity, Diabetes (Futurism)
- William Bernstein Discusses Neurology and Investment (Podcast) (Bloomberg)
- Pre-election year Mays: Just 10th overall DJIA and S&P 500 (Almanac Trader)
- Hedge Fund and Insider Trading News: Bill Ackman, D.E. Shaw, Eddie Lampert, Facebook Inc (FB), McCormick & Company (MKC), and More (Insider Monkey)
- ECRI Weekly Leading Index Update: WLI YoY Approaching Positive (Advisor Perspectives)
- The Worldâs Best National Parks, Ranked 9 (Men’s Journal)
Q1 Earnings Estimates bump up again…is it enough for takeoff?
Data Source (above): Factset
Q1 earnings estimates bumped up 20bps from -4.1% last week to -3.9% this week. The 12 mo. forward multiple has expanded to 16.8x which is above the 5yr average of 16.4x and the 10 year average of 14.7x
Continue reading “Q1 Earnings Estimates bump up again…is it enough for takeoff?”
Be in the know. 8 key reads for Friday…
- Earnings deluge could make or break sentiment (Reuters)
- Former Sears company sues ex-CEO Lampert, Treasury’s Steven Mnuchin over ‘asset stripping’ (USA Today)
- More store closings coming: Pier 1 Imports could close up to 145 more stores (USA Today)
- ‘Sell in May and Go Away,’ the Investment Saying Goes. But Does That Actually Work? (Barron’s)
- 16 brilliant quotes from Bill Gross, the legendary ‘Bond King’ who retired earlier this year (Business insider)
- The Greenwich Housing Market Is Imploding As Prices Tumble As Much As 25% (ZeroHedge)
- D.E. Shaw Is to Buck Industry Trend With 3-and-30 Fees (Bloomberg)
- Housing starts fall in March, as new construction running 10% below last year’s pace (MarketWatch)
Hedge Fund Trade Tip (PCN) – Position Completion Notification
Hedge Fund Trade Tip (PIN) – Position Idea Notification
AAII Sentiment Survey results. The pause that refreshes…
Last week we got an extreme read on sentiment which is frequently correlated with market pullbacks:
Warning signs from AAII Sentiment Survey results this morning (out of “No Man’s Land”)
We are now a week later and have gone sideways off the trigger (no pullback yet). The implication is that we either turn soon, or it is going to burn through this extreme in an atypical fashion. Continue reading “AAII Sentiment Survey results. The pause that refreshes…”
Be in the know. 5 key reads for Thursday…
- Germany’s economy is flashing yet another ‘grim’ warning after more weak data and a slump in demand (Business Insider)
- American Express First-Quarter Profit Falls 5 Percent (US News and World Report)
- Honeywell raises FY19 EPS view to $7.90-$8.15 from $7.80-$8.10, consensus $7.98 (TheFly)
- North Korea calls for Pompeo to be dropped from talks; tests tactical weapon (Yahoo)
- Bridgewater warns of lower US stock prices (Economic Times)