Dec 18, 2013
Only one word can describe the stock market returns thus far in 2013 - - terrific. Old highs were surpassed for all major averages as Santa came in October and stayed well-into December.
Dec 03, 2013
A review of 2013 will set the background for our “Outlook for 2014” in a subsequent issue of the Compass.
Nov 18, 2013
With 96% of the S&P 500 companies reported, earnings season is just about over and as expected it was uneventful, tracking 4.4% above expectations. Excluding financials this number drops to 3.6%.
Nov 12, 2013
After a mediocre earnings season, a slowdown in retail sales, and the confusion of Obamacare, the perma- bears and Fed-beaters are channeling bubble top or at the very least an overbought market.
Nov 08, 2013
According to data published by FactSet, of the 366 S&P 500 companies that have reported 3Q2013 earnings, 74% are above the mean EPS estimate and 26% are below. The percentage beating estimates is marginally above the four-year average of 73%.
Oct 09, 2013
Businesses have been reluctant to commit capital in an environment of political and economic uncertainty. Increases in consumer spending are the catalyst for advances in manufacturing and services which lead to the rise in capital spending.
Oct 01, 2013
As the headline news dwells on political brinkmanship, the potential “disruption” is a non-event for US securities markets.
Sep 09, 2013
*After Thomas Hobson (1544-1631) English livery man who gave his customers one choice, take the horse in the stall nearest the door or take none at all - - a free choice where only one option is offered.
Sep 05, 2013
Over the past two years we have discussed the role of a recovery in housing and accelerating economic growth.
Aug 27, 2013
“Early to bed and early to rise makes a man, healthy, wealthy, and wise.” -- Benjamin Franklin