Horan - Health. Wealth. Life

I wrote a post a few days ago that highlighted the 10-year annualized returns for the U.S stock market and the MSCI World Index. The summary of the article and the chart was the 10-year annualized market returns remain below their long term averages. A number of our articles are published on SeekingAlpha as was the one just mentioned. One comment to the SeekingAlpha article raised the question that the real returns may display a different result. In short though, the real versus nominal returns,...  Read more...

Week Ahead Magazine: June 29, 2014

Posted by David Templeton on Sunday, June 29, 2014 in Wealth Management | Comments (0)
After a much worse than expected final GDP report last week, the upcoming shortened trading week will be filled with potential market moving economic news. With the markets closed on Friday, Thursday morning investors will receive both the employment report and the jobless claims report. Both of these reports have marketing moving potential. Other key reports this week:Chicago PMI and Pending Home Sales (M)Manufacturing PMI, ISM Manufacturing Index and Construction Spending (T)ADP Employment Rep...  Read more...
For those that drive a car, they are certainly feeling the effects of higher gasoline pump prices versus four or five years ago. As the below chart shows, however, average gasoline pump prices have been on the decline (barely) since the beginning of 2011. This attempted decline, or at least stabilization, is occurring in an environment where the price of a barrel of crude oil is trending higher. The significance of oil price inflation is the fact only one recession was not preceded by, or coinci...  Read more...

10-Year Annualized Equity Returns Remain Below Average

Posted by David Templeton on Saturday, June 28, 2014 in Wealth Management | Comments (0)
Franklin Templeton Investments published recent commentary on their positive view of equities both in the U.S. and in Europe. The entire article is a worthwhile read; however, one chart included in the write up was the one below showing 10-year annualized returns going back to 1825. As the chart shows, in spite of the strong bull market in equities around the world send the bottoming of the financial crisis in 2009, the compounded 10-year annualized return remains pretty far below average.From T...  Read more...

Corporate Cash Is King

Posted by David Templeton on Thursday, June 26, 2014 in Wealth Management | Comments (0)
Earlier this week Factset Research (FDS) released their Cash & Investment Quarterly for the S&P 500 Index covering the first quarter. Notable was the near 46% growth on a year over year basis in shareholder distributions (dividends plus buybacks) totaling $193.8 billion. The report also notes share repurchases alone were higher by 50% in the first quarter.From The Blog of HORAN Capital AdvisorsOther notable highlights from the report:"Aggregate Cash Grew 7%: The S&P 500 (ex-Financials) cash and ...  Read more...

Week Ahead Magazine: June 22, 2014

Posted by David Templeton on Sunday, June 22, 2014 in Wealth Management | Comments (0)
Last week continued to see equity markets in the U.S. move higher. All major U.S indices were higher by greater than 1% on the week with the Russell 2000 (small cap) advancing 2.2%. This advance has continued in spite of the often cited complacency evident in the market, vis-à-vis the low level of the VIX, and the lack of a meaningful correction over the past few years. As we noted in a post earlier this week, we do believe the market has entered the "denial stage" from a sentiment perspectiv...  Read more...
Many of the market statistics that measure investor sentiment suggests investors have become too complacent regarding this bull market. Strategist view this complacency as a contrarian indicator which raises a cautionary flag regarding further advances in the equity market. With the VIX Index trading at a record low level under 11, this index does indicate there is a low level of fear in the market. More detail on the VIX can be reviewed at one of our earlier posts, What Is The VIX Index.From Th...  Read more...

Companies Continue With A Heightened Focus On Share Buybacks

Posted by David Templeton on Thursday, June 19, 2014 in Wealth Management | Comments (0)
S&P Dow Jones Indices' preliminary report on first quarter 2014 share buybacks shows companies have not shied away from buying back shares in spite of record market highs. On a year over year basis buybacks increased 59% to $159.28 billion versus $99.97 billion in Q1 2013. Combining the buyback amount with the dividends paid, on a YOY basis the combination increased 41%. The buyback leader in the first quarter is Apple (AAPL), buying back $18 billion which set an S&P 500 Index record. Additional...  Read more...

Week Ahead Magazine: June 15, 2014

Posted by David Templeton on Sunday, June 15, 2014 in Wealth Management | Comments (0)
The second trading week of June saw most U.S. broad market indices down less than 1% on the week. Only the Russell 2000 small cap index has a year to date negative return of -.1%. As the below chart of the "weekly" S&P 500 Index shows, the market has been in a strong uptrend since late 2011. Missing from the advance this year is significant volume during up weeks for the market. This seems to be indicative of investor skepticism about the market's continued advance without a 10+% correction whic...  Read more...

Active Share And Equal Weighted Investment Strategies

Posted by David Templeton on Sunday, June 15, 2014 in Wealth Management | Comments (0)
S&P Dow Jones Indices recently released an interesting white paper, Equal-Weight Benchmarking: Raising the Monkey Bars, that provides detail on why equal weighted benchmarks have mostly outperformed the cap weighted S&P 500 Index historically. Importantly, S&P notes,"While cap-weighted indices measure many things, there is (at least) one important thing that they do not measure. The return of a cap-weighted index represents the performance of the average invested dollar, not the performance of t...  Read more...
Page 4 of 48First   Previous   1  2  3  [4]  5  6  7  8  9  10  Next   Last