As another earnings season comes to a close, companies have once again successfully guided analysts' expectations low enough to ensure positive results. This is a game that has been perfected over the past decade.... Read More
The largest companies in the S&P 500 trade almost 5 times more often than the smallest companies.... Read More
A look at stock valuations since 1881... Read More
The average correlation between individual stocks and the S&P500 is once again on the rise, making the art of stock picking more difficult.... Read More
Stocks are once again becoming correlated to each other, making stock picking a more difficult art.... Read More
The average correlation between individual stocks and the S&P500 is once again on the rise, making the art of stock picking more difficult.... Read More
U.S. companies issued a net $130 billion of equities in the third quarter. This comes on the heels of Q2's record when buybacks and M&A outpaced issuance of new shares by over $1 trillion.... Read More
The healthcare rally just keeps on ticking. Investors continue to add exposure and industries like healthcare facilities are now at new highs for 2018. The balance between potential risk-on conditions and concerns over rising global rates will be critical going forward. ... Read More
FAANG stocks have not fared well during the latest correction. In fact, Apple is no longer the largest publicly traded company in the world.... Read More
Traders have good reason to fear the last half hour of trading during sell-offs.... Read More
Traders were indiscriminate buyers of stocks prior to the September 20 peak. Since then, traders have been more selective by selling their high growth stocks.... Read More
Despite October's healthy sell-off in stocks, sentiment among traders remains relatively positive.... Read More
Speculators held one of their largest net long positions in the post-crisis era just prior to the selloff.... Read More
Consumer interest in credit card debt continues to decline. We expect insurance stocks to underperform as higher sovereign yields boost banks and diversified financials. ... Read More
We take a closer look at policy searches and their effects on global equity markets. What sounds at first like an all-clear for risk markets is actually bearish for global equities and some high-performing sectors in the U.S.... Read More
The model uses Google search trends for key policy terms to gauge uncertainty over issues like trade policy. Anxiety over the trade wars remains elevated but lower than six months ago. Conditions may be ripe for some relief for the auto sector. ... Read More
Buybacks and M&A outpaced issuance of new shares by over $1 trillion in the second quarter of 2018!... Read More
Uncertainty about China's resilience to the escalating trade war has much of Southeast Asia still bogged down. We watching industrial metals, uncertainty about global central bank policy and the dollar as we monitor opportunities in the region.... Read More
Have you ever wondered how long U.S. citizens would collectively have to work in order to buy every single share of stock in the U.S. markets?... Read More
As stock valuations go higher, expectations on future long-run returns must be tempered.... Read More