1.Global Farming Recession Over? John Deere Good Numbers.
How much is priced in??? DE +45% Since Sept. 2016
Category Archives: Daily Top Ten
Topley’s Top Ten – May 18, 2017
1.Western Europe, U.S. and China Car Sales Drop…
For the first time since January 2009, sales of cars declined year-over-year in all three of the world’s largest auto markets of Western Europe (-6.8%), China (-1.8%) and the United States (-3.7%). Combined, these three markets account for roughly 70% of the world’s auto sales
Lots of cars coming off lease.
www.zerohedge.com
Topley’s Top Ten – May 16 & 17, 2017
Sorry…Some technical difficulties on train this morning.
1.Volatility ….Average Daily Range of S&P 500 Lowest Since 1970
From Dave Lutz at Jones
“The average daily range for the S&P 500 Index so far this year is 0.57%, which is the lowest range going back to 1970” says LPL
Topley’s Top Ten – May 15, 2017
Next FBI Director Pop.
He attended Merrillville High School and graduated in 1970 from the United States Air Force Academy. He played basketball for four seasons at the Academy and in his senior year was the team captain and the leading scorer.[5] He graduated with a bachelor’s degree in Soviet Studies, and he underwent Air Force intelligence gathering and processing training.[6] At one point, Popovich considered a career with the Central Intelligence Agency.[7]
Popovich served five years of required active duty in the United States Air Force, during which he toured Eastern Europe and the Soviet Union with the U.S. Armed Forces Basketball Team. In 1972, he was selected as captain of the Armed Forces Team, which won the Amateur Athletic Union (AAU) championship. This earned him an invitation to the 1972 U.S. Olympic Basketball Team trials.
https://en.wikipedia.org/wiki/Gregg_Popovich
1.EAFE profits remain 45% below their prior peak, notes Doug Ramsey, chief investment officer of the Leuthold Group.
Investors poured roughly $6 billion into European equities last week
http://www.businessinsider.com/money-pouring-into-european-stocks-at-record-pace-2017-5
From Barrons
Industry analysts look for EAFE earnings to increase by 18% to 19% this year, compared with an estimated gain of 10% in U.S. profits. While this rise comes off a low base for overseas stocks, it’s the direction and momentum that count most for investors. “We are in a normalization period” in which EAFE earnings will catch up with the U.S., says Savita Subramanian, head of U.S. equity and quantitative strategy at Bank of America Merrill Lynch. Subramanian recommends underweighting the S&P 500 relative to other markets, and notes that positive earnings revisions have been more numerous lately in Europe and Japan than the U.S.
Daily Top 10 – May 12, 2017
Sorry…Missed last couple days due to travel.
1.Advisors Betting on Bank Loans for Rate Rise.
Bank Loan ETF…Fixed Income Allocators Rushing to Plays on Rising Rates.
