1.Follow Up to Last Week’s Gundlach Comments…High Yield Spreads are 40% Below Their Historical Averages.
Category Archives: Daily Top Ten
Topley’s Top Ten – November 9, 2017
Traveling again this week…
1. Dow’s 1-year gain since Trump’s win is its biggest post-Election Day rise since 1945
That represents its best performance after a White House contest since 1945, when the blue-chip gauge was up 29.83% in a year following the election of Franklin D. Roosevelt and his vice president Harry S. Truman. (FDR died early his fourth term, putting Truman in the Oval Office in April 1945.)
Check out: Good news for the president in latest Trump Scoreboard
The table below from WSJ Market Data Group shows that Calvin Coolidge ranks No. 1 by this measuring stick, FDR gets the silver and bronze medals, Trump is fourth, and Bill Clinton, fifth.
Topley’s Top Ten – November 7, 2017
1.Tech Companies Now Biggest Market Cap Stocks with Half the Employees of Former Leaders.
Josh Brown
Chart o’ the Day: How quickly things have changed
Posted November 6, 2017 by Joshua M Brown
Your favorite stock; see if it’s a buy, sell or hold opportunity
I came across this infographic from Wharton via 13D Research and I think it makes a powerful point about how quickly things have changed.
One of the biggest posts of the year here on TRB was “Just own the damn robots.“, where I talked about the mood right now surrounding the automation meteor headed right for us. This is another way of understanding the reality:
Getting bigger by market cap – and by revenues – with less people is the new normal. It’s not going back the other way. The only escape for our children is to join the education arms race and hope they choose the right major – or to embrace entrepreneurialism and create their own jobs.
http://thereformedbroker.com/2017/11/06/chart-o-the-day-how-quickly-things-have-changed/
Continue reading
Topley’s Top Ten – November 6, 2017
1.Momentum Factor has Dominated 2017….MTUM Up Over Double the S&P YTD
But has the gap between the performance of the two indexes grown too big? MKM Partners technical analyst Jonathan Krinsky compared how big that gap is relative to its 200-day average, and found it’s at a level that often signals a peak in momentum. Sometimes it’s simply a pause—that was the case in 2005—but sometimes it can signal an impending peak, as it did in 2008. “Momentum names are stretched relative to the market,” Krinsky says. “But they can become more stretched.”
http://www.barrons.com/articles/new-highs-for-this-momentum-powered-market-1509765341
https://www.ishares.com/us/products/251614/ishares-msci-usa-momentum-factor-etf
Topley’s Top Ten – November 2, 2017
Short Version Today – No Top Ten Tomorrow.
1.Positive Earnings is Only Having Mild Upside Reaction
Equity Markets: Market reaction to better than expected earnings reports has been muted (on average).
Source: BofAML