1.Massive Sector Dispersion Already in 2018….20% Spread Between Best Performing and Worst Performing Sectors.
From Nasdaq Dorsey Wright.
Category Archives: Daily Top Ten
Topley’s Top Ten – February 21, 2018
1.Problem for Bears—Fundamentals…Corporate Profits Rise Most Since 2011
- S&P 500 Index earnings are forecast to grow more than 20%
- Fundamentals are ‘nothing short of spectacular,’ analyst says
A stream of rosy profit reports has helped soothe the nerves of investors rattled by this month’s stock market plunge. U.S. companies are seeing the biggest growth spurt in quarterly earnings in six years, and the pace is set to accelerate.
The question now is whether that momentum will fuel further stock gains.
Topley’s Top Ten – February 20, 2018
1.The Fully Invested Bears.
Institutional investors are bearish on market but fully invested
Topley’s Top Ten – February 19, 2018
1.Tax Bill=Buybacks…Most Ever This Early in the Year.
The $171 billion in YTD stock buyback announcements is the most ever for this early in the year. In fact, it is more than double the prior 10 year average of $77 billion in YTD buyback announcements.
https://www.zerohedge.com/news/2018-02-17/years-stock-buybacks-are-already-bigger-all-2009s
Topley’s Top Ten – February 16, 2018
1.Sector Leadership-Tech and Financials Bounce the Most Off Lows. No Sector Leadership Rotation Yet.
Bespoke Investment Group
Below is one of the many charts included in this week’s Sector Snapshot, which highlights how much each S&P 500 sector fell from its 52-week highs to its recent low as well as how much each sector has now rallied off of its low. As you can see, Tech has bounced the most off of its low, followed by Financials and then Materials. Energy has struggled the most. It had been down 14.8% from its 52-week high, but it’s only up 1.4% off of its low.
