Retail Industry Up 18% Year To Date (S&P 500 Up Only 2%)

America Set To Outperform? Analysis have been toying with the thesis that America might take a strong leadership role in the growth of advanced economies. This would expand the S&P 500’s earnings multiple as capital comes back to America. America has weak competition as there has been a slowdown in Europe; South Korea has seen…

Value Vs. Growth: A Decade Long Pause Provides Great Entry

Over the past century, value stocks have outperformed both growth stocks and the market as a whole. During the past decade, the value strategy has experienced uncharacteristically low returns causing a significant amount of pain for hedge fund managers and other investors who invest in quantitatively cheap companies. Although it’s tempting to proclaim that this time…

5 Retail Stocks Likely To Top Earnings Estimates

The earnings season, which is nearing its end, has been quite impressive this time around. However, the show is not over yet. With several retail behemoths including Walmart, Macy’s and Target, queued up to report their quarterly numbers, investors are likely to keep their eyes on the Retail-Wholesale sector’s progress card. We note that the sector has…

Empire Manufacturing Report Better Than Expected

Tuesday’s release of the Empire Manufacturing report for the month of May came in better than expected with the headline index rising back up to 20.1 from last month’s level of 15.8. Economists, meanwhile, were looking for a modest decline. You may recall that in last month’s report, we saw expectations for conditions six-months from…

Tax Cuts And (Less) Spending

After being rumored and talked about for over a year, at the end of last year the tax cuts were finally delivered. The idea had captured much market attention during that often anxious period of political flirtation. Prices would rise or fall by turn based on whether or not it seemed a realistic possibility. Public…

Putting The Rise In Yields In Perspective

Is it just me or have there been a whole bunch of really scary sounding stories about rising interest rates in the last few months? While some of these worries are warranted it’s important to pan out and take a more objective view of the environment so we can avoid making excessively short-term judgements about…

Oil And Gasoline Spike While Trump Does “Deal Making”

Calling it “a horrible one-sided deal that should have never, ever been made”, President Trump declared last Tuesday that the U.S. will pull out of the Iran nuclear deal made under the Obama administration. The United States is now preparing to reinstate all sanctions along with additional economic penalties on Iran. French President Emmanuel Macron,…