Menu

NFIB Small Business Optimism Index Highlights Tight Labor Market

 November 19 2017     David Templeton
Last week NFIB's October report on Small Business Optimism fell short of expectations, but remained at a high level at 103.8 versus 103 in the prior report. A few highlights from the report:"The tight labor market got tighter for small business owners last month, continuing a year-long trend. Fifty-nine percent of owners said they tried to hire in October, with 88 percent of them reporting no or f...

Are Bearish Investor Sentiment Responses Translating Into Actual Action?

 November 18 2017     David Templeton
The S&P 500 Index is only down .60% from its November 8, 2017 high yet individual investor and institutional equity sentiment has turned significantly less positive. This negative sentiment has not translated into broadly lower equity prices though, but knowing sentiment measures are contrary indicators, they are approaching levels that would be suggestive of higher equity prices ahead.In this wee...

Equity Corrections Will Occur Again, Maybe Sooner Than One Expects

 November 12 2017     David Templeton
If there is one factor that perplexes me about the current market environment it is the lack of volatility since the election. The last time the market experienced a greater than 5% correction was in June of 2016 and the last double digit pullback was in February 2016. Going back to 1980 the average intra-year market decline for the S&P 500 Index is 14.1%. I have written a number of recent posts o...

If History Repeating; Another Five Years For Equity Bull Market

 November 10 2017     David Templeton
Shortly after the 2016 election in a post titled, Equity Market Beginning To Resemble Bull Market Of The 1950's And 1980's, I discussed how the equity market continued to trace a similar path as the market in the those two earlier decades. A part of my conclusion indicated the anticipated policies under a Trump administration would resemble policies implemented in the 1950's and 1980's, like tax r...

Biases Influence Investment Decisions

 November 9 2017     David Templeton
Every investor makes investment decisions that are influenced by ones biases that form over time. These biases may come in many forms but they tend to fall into a couple of categories, emotional or cognitive. I mention this because it is not that uncommon that I sit down to write a blog post on a certain topic thinking the post's conclusion will go in one direction, but end up with a different con...

Investment Opportunities Outside The U.S.

 November 6 2017     David Templeton
In a post yesterday I somewhat rhetorically titled the post wondering if the equity market was at a top. In short, I do not know, but offered suggestions for investors about reviewing their asset allocation vis-à-vis their spending needs.Not all markets have traveled the same path as the S&P 500 Index though. A number of markets outside the U.S have lagged the U.S. since the end of the financial c...

Is This The Market Top?

 November 5 2017     David Templeton
I read an individual's commentary this weekend that was titled Is This As Good As It Gets, and I will have more comments on this later in this post, but it coincides with some clients/investors inquiring whether they should raise cash now. The 'raise cash now' question is certainly understandable when one looks at the strength of the market since the February low last year, up nearly 40% on a pric...

Planning Potpourri

 November 3 2017     Anna Pfaehler
I field many questions from clients and colleagues every day. Here are a few recent ones from the trenches: Do I Need to Pay Estimated Taxes? Most people have their taxes withheld from their earnings, pensions, or retirement plan distributions. However, those who do not have withholding, or their withholding is not sufficient, must make estimated tax payments. These are made quarterly to cover y...

Individual And Investment Manager Sentiment Is Diverging

 November 2 2017     David Templeton
At the end of August bullish investor sentiment reached a year low of 25% and since that time individual investor sentiment has risen to 45.1% as reported by the American Association of Individual Investors (AAII) today. During this time period the S&P 500 Index has increased nearly 5%, providing some support to the contrarian nature of the individual sentiment report.Conversely, the National Asso...

The Time Period Matters For Outperformance: High Beta Versus Low Volatility

 October 29 2017     David Templeton
I have read commentary over the last few days noting the outperformance of the PowerShares High Beta Index (SPHB) versus its counterpart, the PowerShares Low Volatility Index (SPLV) over the past 1-year time frame. However, much of this outperformance was generated in the couple of months following the November election.When looking at the year to date performance of the high beta versus low volat...
Page 1 of 96First   Previous   [1]  2  3  4  5  6  7  8  9  10  Next   Last