New Highs

New Highs

The S&P 500 Index reached a new high this week.  This was the first new high for the index in the last seven months.  The SPX has gone over six months without hitting a new high 18 times since 1950.  What comes next?  After the first new high was reached the...

Stat Of The Day

From Urban Carmel:   The S&P 500 Index is up 2% so far in August.  The month ends next week.  A close $2,816.00 would confirm the fifth monthly gain in a row.   Since 1975 the last 19 such instances all closed higher 12 months later by median 10%. At the time of...
Profit Margins?

Profit Margins?

We got your profit margins right here: Profit margins for companies in the S&P 500 Index rose to 11.7% in the 2nd quarter,  their highest level in history. Rollbacks matter... Very bullish, but, there’s this from legendary investor Jeremy Grantham: ...
The U.S. Is Tops

The U.S. Is Tops

By a mile. Equity returns, last 10 years… US: +139% Germany: +20% France: +15% UK: +15% Spain: -20% Italy: -37% Hat tip Charlie...