May 25, 2014
I look forward to Leuthold’s Green Book every month. This month they had a chart that reflected a similar study we published years ago on combining the presidential cycle and the 6 month cycle. The next six months starting in […]
May 23, 2014
Steve Romick is a fellow Angeleno, and if you don’t read his commentary you should. Below are two charts and some commentary form his recent letter. Charts then downloads: —- “Suffice to say we aren’t seeing much in the way […]
May 15, 2014
Nice piece from Credit Suisse and Mauboussin on what companies do with their money. Quotes then downloads: —- -Corporate cash balances are building because Corporate America’s return on investment is high and its reinvestment rate is modest. The issue of disbursing cash […]
May 1, 2014
It has been a little quiet lately but the good news is I have some great reads on the way, including one of my favorite newish newsletters below. The Macro Trader looks at another valuation metric from Value Line and […]
April 2, 2014
Thanks to a reader for noticing the sector dates were incorrect. Updated below. Also note that I excluded frontier markets in this update. For some reason many of the series were not updated at our data vendor, and rather than […]
April 2, 2014
CAPE Updates, Sectors then Countries: Country Start Date Latest Date Latest Financials 3/31/93 3/31/13 10.69 Energy 3/31/93 3/31/13 15.04 Utilities 3/31/93 3/31/13 16.47 Telecom 3/31/93 3/31/13 18.68 Materials 3/31/93 3/31/13 18.93 Industrials 3/31/93 3/31/13 19.22 Healthcare 3/31/93 3/31/13 19.82 ConsStpls […]
February 27, 2014
Combining two of my favorites – Montier and the CAPE ratio. And I’m not just saying that since I have a chart in there! I’m excluding a figure due to internet issues… Download PDF CAPE Crusaders Link http://www.gmo.com/
January 2, 2014
Below are CAPE updates along with two other charts detailing a) how CAPE did in 2013 and b) the average and median value across the database…
December 29, 2013
Fun issue from Grant’s on the disconnect between Korean common and preferred shares. Chart then download: —- —- PDF Download Grant’s XMAS Website http://www.grantspub.com/
December 22, 2013
A few great charts in this very worthy read from Niels Jensen. Below is a chart on a topic that is very timely, namely how flows can distort factor investing. —- —- Download PDF here Squeaky Bum Time Website http://www.arpinvestments.com/
December 15, 2013
Dimensional Funds is known for their work in multifactor stock strategies. Below is a simple piece examining long term returns and inflation. Table then download: —- —- Download PDF here: US Inflation and Returns Website: www.dimensional.com
December 9, 2013
I think this chart is hugely important for yield investors. Great work as always from OSAM: Chart then download —- —- Download PDF here: The Myth of the Most Efficient Market Website: http://www.osam.com
November 18, 2013
I’ve gotten behind a bit on some of the pieces I wanted to send out, so here are four, no charts just downloads…: Traders Guide to the Markets – Convergex Sortino a Sharper Ratio – Red Rock Capital and two white papers […]
November 12, 2013
Blame it on Bernanke or low interest rates, but all of the valuation indicators are saying the same thing according to Doug Short: Quick chart then download: —- —- Link to Article Valuations Website http://advisorperspectives.com/dshort/updates/Market-Valuation-Overview.php
November 10, 2013
McClellan has a great chart in his weekly column examining lumber as a leading indicator for housing stocks: “Housing industry stocks as a group appear poised to start a strong pop up into early 2014. That’s the message from looking […]