Unofficial last week of earnings season

It is the unofficial last week of an excellent earnings season. With just 28 S&P 500 companies left to report results, S&P 500 earnings growth for the first quarter is tracking to a very strong +15.2% year-over-year increase, +11.1% excluding energy. Technology jumped ahead of financials and materials last week into second place in the…

Continue Reading

Questions to Ask a Financial Advisor

1. How do you get paid? Tell me all the direct and indirect compensation you receive. 2. Are you a fiduciary? Explain to me why or why not. 3. Do you take discretion on my account? 4. If I look on brokercheck.org what would I find out about you? 5. Do you use proprietary investment…

Continue Reading

Ford will replace CEO

This week’s economic calendar includes data on purchasing manager surveys, housing, trade, durable goods, and revised first quarter gross domestic product. The Fed will remain in focus with minutes from the May 3rd meeting due out Wednesday. We believe the market is correctly pricing in a June 14 rate hike. Overseas include first quarter German…

Continue Reading

Finally, some volatility

Finally, some volatility. After 15 consecutive days without a S&P 500 closing up or down 0.5% (the longest streak since 1969), volatility came back in a big way with an 1.8% drop on Wednesday. This was only the second 1% drop this year and it was the worst one-day drop since September. (LPL Research) In…

Continue Reading

McDonald’s is expanding delivery

Oh how the world is changing. McDonald’s is expanding delivery via UberEats to about 1000 restaurants nationwide, a move aimed at winning back younger consumers willing to pay more for food brought to their doors. McDelivery, is now available at about 300 restaurants in Los Angeles, 144 in Phoenix and 59 in Columbus, Ohio and…

Continue Reading

Construction of new homes fell

Want a simple example of what we mean by the current lack of market volatility? Last year at this point the S&P 500 index had closed down 1% or more 17 times. Only once so far, this year. (S&P) Construction of new homes fell by 2.6% in April to an annual rate of 1.17 million…

Continue Reading

1 2 3 57