– Since Q4 2016, correlations of S&P 500 stocks to the index have generally fallen, giving active managers more chances to differentiate themselves from the indexes they are trying to beat. – More dispersion among individual stocks makes it easier to find winners,...
– The CCI is in the upper end of the range it has held since 2010. – A decline in stock market volatility and improved retail sales were the main contributors to the CCI’s improvement, while wider credit spreads and a small decline in shipping traffic were slight...
– Very impressive S&P 500 earnings growth (+24.7% YoY), earnings beat rate (80%), earnings surprise (4% above 06/30/18 expectations), revenue growth (+9.4% YoY), and revenue surprise (1.3%). – Forward four quarter estimates have impressively risen 0.5% during...
Our Recession Watch Dashboard is showing an overall low risk of recession starting within the next year. Click here to download a PDF of this report. Source: LPL Financial 08/06/18 Important Disclosures: Investing in stock includes numerous specific risks...
– Despite the recent pickup in capex and robust manufacturing activity, industrial companies have not benefited from the strong manufacturing environment this year. – The industrials sector is in position to potentially play catch-up; however, escalating trade...
