ah, not the article I originally thought. I'll look for it later, but SP500 gain close-open is substantially more than open-close going back to the 80s
ah, not the article I originally thought. I'll look for it later, but SP500 gain close-open is substantially more than open-close going back to the 80s
Oil is up to $35. weird wild ride for that one.
oil stocks up 70% from their lows.
the market is seeing a giant spending boom coming.
Still feel like selling?
Earnie wrote:
Earnings Scorecard: For Q1 2020 (with 97% of the companies in the S&P 500 reporting actual results), 64% of S&P 500 companies have reported a positive EPS surprise and 56% of S&P 500 companies have reported a positive revenue surprise. If 64% is the final percentage, it will mark the lowest percentage of positive EPS surprises since Q4 2012 (also 64%).
^
RECORD-HIGH CUTS TO S&P 500 EPS ESTIMATES FOR Q2 2020 TO DATE
EARNINGS
By John Butters | May 29, 2020
During the first two months of the second quarter, analysts lowered earnings estimates for companies in the S&P 500 for the quarter. The Q2 bottom-up EPS estimate (which is an aggregation of the median Q2 EPS estimates for all the companies in the index) declined by 35.9% (to $23.67 from $36.93) during this period. How significant is a 35.9% decrease in the bottom-up EPS estimate during the first two months of a quarter? How does this decrease compare to recent quarters?
During the past five years (20 quarters), the average decline in the bottom-up EPS estimate during the first two months of a quarter has been 2.4%. During the past ten years (40 quarters), the average decline in the bottom-up EPS estimate during the first two months of a quarter has also been 2.4%. During the past fifteen years (60 quarters), the average decline in the bottom-up EPS estimate during the first two months of a quarter has been 3.3%. Thus, the decline in the bottom-up EPS estimate recorded during the first two months of the second quarter was larger than the five-year average, the 10-year average, and the 15-year average.
No worries, the market is forward looking :-)
Every Friday seems to close with a nice lift lately.
3044 baby!
agip wrote:
Oil is up to $35. weird wild ride for that one.
oil stocks up 70% from their lows.
the market is seeing a giant spending boom coming.
I've been reading some interesting essays lately on how this whole thing has really mobilized protectionist policies and sentiment across the world. It'll be interesting to see if it just plays out as a "fad" or globalizism will take a substantial hit.
I do think we'll see rotation away from China. This whole pandemic was one step too far for them. New Cold War anyone?
Ghost of Igloi wrote:
Earnie wrote:
Earnings Scorecard: For Q1 2020 (with 97% of the companies in the S&P 500 reporting actual results), 64% of S&P 500 companies have reported a positive EPS surprise and 56% of S&P 500 companies have reported a positive revenue surprise. If 64% is the final percentage, it will mark the lowest percentage of positive EPS surprises since Q4 2012 (also 64%).
Your post is a off color joke, Earnie. Yea Q1 GAAP EPS on the index is $12.51. Now that is a surprise on a quarter that was suppose to be three times higher. Wait until Q2 spin on under $10 EPS. Oh, that’s right a V-shaped recovery. :-)
I know you have a short attention span, but try reading the whole post.
the idiot wrote:
Every Friday seems to close with a nice lift lately.
3044 baby!
Bank of America today confirmed this trend of "smart money" selling stocks, with the bank's "private" high net worth clients not only selling stocks for 7 consecutive weeks, but last week recording the largest week of equity selling since June 19.
Ghost of Igloi wrote:
the idiot wrote:
Every Friday seems to close with a nice lift lately.
3044 baby!
Bank of America today confirmed this trend of "smart money" selling stocks, with the bank's "private" high net worth clients not only selling stocks for 7 consecutive weeks, but last week recording the largest week of equity selling since June 19.
Doesn't sound too smart to me. Certainly nothing i'd be bragging about.
Ivy, your quoted author says the bear market ended March 23. Just saying.,,
seattle prattle wrote:
Ghost of Igloi wrote:
Bank of America today confirmed this trend of "smart money" selling stocks, with the bank's "private" high net worth clients not only selling stocks for 7 consecutive weeks, but last week recording the largest week of equity selling since June 19.
Doesn't sound too smart to me. Certainly nothing i'd be bragging about.
OK, I get it. It’s about the current direction of the market, whether it is justified or not. Then, WTF?
Ghost of Igloi wrote:
No worries, the market is forward looking :-)
Correct.
Sure about that?
https://twitter.com/LizAnnSonders/status/1266402789401518082
seattle prattle wrote:
Still feel like selling?
Yes but I am trying to be humble in the face of a giant bull market. Haven’t sold yet.
Ghost of Igloi wrote:
Sure about that?
https://twitter.com/LizAnnSonders/status/1266402789401518082
That has nothing to do with the markets. Are you ok?
agip wrote:
seattle prattle wrote:
Still feel like selling?
Yes but I am trying to be humble in the face of a giant bull market. Haven’t sold yet.
SP500 up about 10% since this time in 2019. Just saying...
seattle, I found the graphs I was looking for :
https://www.bespokepremium.com/think-big-blog/after-hours-vs-regular-trading-hours/
interesting, but not sure what to make of it since 2019 was essentially no difference between the two strategies but a look back of two previous years (2018 and 2019) yields a large difference in favor of after hours moves to the plus side. Really, the study would have to increase the sample to include more years to infer any kind of trend. I mean, how about in overall down years? Does the reverse hold true or is the effect just amplified? Interesting, though.
Is there a rule against attaching a helium balloon to yourself while running a road race?
Jakob Ingebrigtsen has a 1989 Ferrari 348 GTB and he's just put in paperwork to upgrade it
How rare is it to run a sub 5 minute mile AND bench press 225?
Am I living in the twilight zone? The Boston Marathon weather was terrible!
Move over Mark Coogan, Rojo and John Kellogg share their 3 favorite mile workouts
Mark Coogan says that if you could only do 3 workouts as a 1500m runner you should do these