Horan - Health. Wealth. Life

Emerging Markets Not Out Of The Woods Yet

Posted by David Templeton on Friday, April 10, 2015 in Wealth Management | Comments (0)
As investors seem to be expecting an increase in interest rates by the Fed to be pushed out later this year, the emerging market trade has seen a positive impact relative to its U.S. developed counterpart. As the below chart shows, on a year to date basis the iShares MSCI Emerging Markets ETF (EEM) has moved up 9% versus the S&P 500 Index return of 2%.From The Blog of HORAN Capital AdvisorsThis risk on appetite has carried over into small cap stocks as well. Year to date the Russell 2000 Index i...  Read more...

A Good Quarter To Be a Non-Dividend Paying Stock

Posted by David Templeton on Thursday, April 09, 2015 in Wealth Management | Comments (0)
Through the first quarter of 2015, performance would suggust it was a good time to be a non dividend payer stock. As the below table shows, the average return of the non-payers generated a return of 6.49% versus the payers average return of 1.16%. I would note, however, the average return in the quarter for both the payers and non-payers exceeded the cap weighted return of the overall S&P 500 Index.From The Blog of HORAN Capital Advisors  Read more...

Making Credit History

Posted by Anna Pfaehler on Tuesday, March 31, 2015 in Financial Planning | Comments (0)
When applying for a job, you want your resume to attract attention and result in an interview. You need a work history in order to have content that will make you look good on paper. Your credit report is similar to a resume and tells your story as a borrower. It is an indicator of what sort of risk you are to potential lenders, employers and landlords. To be useful it needs content. You need a credit history.  Unlike a resume, you cannot edit your credit report to leave off or gloss over...  Read more...

Strong Buyback Activity Reducing Share Count

Posted by David Templeton on Thursday, March 26, 2015 in Wealth Management | Comments (0)
S&P Dow Jones Indices is reporting that stock buybacks fell sequentially in the fourth quarter last year to $132.6 billion from the third quarter level of  $145.2 billion. However, on a year over year basis, buybacks increased by 2.5%. this still strong buyback activity has served as a tailwind for earnings growth as the report notes 20% of the S&P 500 companies have reduced their share count. Howard Silverblatt, Senior Index Analyst at S&P Dow Jones Indices notes, "...While fourth quarter expen...  Read more...

Bullish Sentiment Declines To Level Last Seen In Early 2013

Posted by David Templeton on Thursday, March 19, 2015 in Wealth Management | Comments (0)
This morning the American Association of Individual Investors reported individual investor bullish sentiment declined to 27.2% versus last week's reading of 31.6%. This is the lowest level for bullish investor sentiment since April 4, 2013. Additionally, today's report places the sentiment reading at one standard deviation below the average sentiment level. The decline in sentiment over the past week is proving its status as a contrarian indicator as the S&P 500 Index is higher by 2.9%.From The ...  Read more...

Keeping Score

Posted by Anna Pfaehler on Tuesday, March 17, 2015 in Financial Planning | Comments (0)
One of the core tenets of goal setting is to make measurable goals. With financial planning, it is difficult to make a measurable goal that fits a broad range of people. So much of financial planning is relative and the fact pattern dictates the right course of action for each individual. Numerical financial wellness benchmarks are rare because what is appropriate and “healthy” for one person may not be for another.  Your credit score is one of those rare benchmarks. It is designed to tran...  Read more...
As we noted Thursday, the American Association of Individual Investors reported a further decline in its bullish sentiment reading. The reported level of 31.6% is near a level indicative of overly bearish investor sentiment. Further confirmation of this bearish sentiment is seen in Friday's equity put/call ratio which is reported at .80. As with the AAII bullish sentiment reading,  the equity put/call ratio is most predictive at extreme levels or above 1.0. Nonetheless, overly bearish investor s...  Read more...

Investors Less Bullish As Market Nears Oversold Level

Posted by David Templeton on Thursday, March 12, 2015 in Wealth Management | Comments (0)
The American Association of Individual Investors reported an 8.2 percentage point decline in bullish investor sentiment to 31.6% this morning. This is the lowest bullishness level since bullish sentiment was reported at 30.89% in early August of 2014.From The Blog of HORAN Capital AdvisorsSource: AAIIThis decline in bullish sentiment has occurred at a time when the S&P 500 Index appears to be nearing an oversold level. As the below chart shows, the technical stochastic indicator has fallen to an...  Read more...

Why Credit Matters

Posted by Anna Pfaehler on Monday, March 09, 2015 in Financial Planning | Comments (0)
In my experience, those who are worried about their debt are also concerned about their credit. These two go hand-in-hand. Credit determines the terms you will receive on new debts and your old debts are what determine your credit.  People looking to pay off their debts are typically also thinking about improving their credit score. Therefore, the next few weeks this blog will focus on credit.    Your credit is considered to be an indicator of your responsibility and risk. It h...  Read more...
A common occurrence in equity bull market cycles is the fact that a company's valuation, or P/E multiple, expands. This so called multiple expansion is one factor that contributes to overall equity returns during bull market phases. The downside to multiple expansion is it does not occur ad infinitum. As the below chart shows, the P/E multiple for the S&P 500 Index has expanded by 64% by increasing to 17.3x earnings versus 10.6x earnings at the start of the current bull market.From The Blog of H...  Read more...
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