A simple way of looking at longer-term momentum is to look at the percent of stocks trading above their 200-day moving average. When this figure reaches 20% we say that the index or sector is at oversold levels. This tends to mark more advantageous buying...
Earnings estimates (and sales estimates to an extent) have taken a beating over the past three months. On average, EPS growth estimates are down 5.3% for the next fiscal year during this time....
One of the ways we measure breadth is by tracking the one-year cumulative advance/decline ratio. This series keeps a daily running tally of issues that are advancing relative to those that are declining. Since late 2013, we have seen a positive increase in this breadth...
In February, Health Care and Utilities led the way higher as the overall index had a very nice monthly gain. Pharma, Biotech and Life Sciences were the top performing industry. Impressively, all 24 industry groups were positive during the month....
One of the ways we look at inflation around the world is by taking a simple average of 33 different countries year-over-year percentage change in CPI. By this measure, in January, year-over-year change in World CPI fell to it’s lowest level since November 2009....
Sector Performance Country Performance Industry Performance Best Performing Stocks Worst Performing Stocks...
We’ve highlighted on numerous occasions over the last few months the softening technical backdrop in the MSCI World Index....
One way we like to gauge the general level of valuations is to look at the multiple at which the median stock is trading and compare it history....
Early cyclicals have had a tremendous bull run over the past five years. They have managed to outperform the MSCI World Index by over 50% during this time. By far the most of any of our cyclical or counter-cyclical baskets....
Energy stocks led the week higher as the MSCI World as a whole, on an equal weighted basis, was up 0.5%. The worse performing sector was Health Care which was down -0.2%. Information Technology remains the best performer over the past year. Further breakdown of...
Last week we posted in Developed Market Stocks Are Down, But Far From Oversold, that although major indices across the globe have suffered setbacks so far this year, stocks weren’t quite at the level we’d consider to be ”oversold” on an intermediate-term basis. Given the continued...
We thought we would take a closer look at Michael Kors Holdings today as the stock is up an impressive 18% this morning on the back of increasing fiscal year guidance once again.What Do They Do:According to their website, Michael Kors is a global luxury...
As we tend to do on Monday mornings, we like to look back and see who won and who lost before looking forward toward the remainder of the week (and no we won’t be discussing our disappointing Denver Broncos)....
With stocks around the world selling off pretty much in tandem over the last week we thought we’d review what our indicators of market breadth are telling us at the moment. In a nutshell, even though most markets suffered 2-3% losses last week, global stocks...
As noted by the folks at SentimenTrader, the Nasdaq Biotechnology Index has already risen 11% so far this year– a strong move, especially in light of 32% and 66% gains in 2012 and 2013, respectively....
