Norm Conley Talks Tech Stocks Leading Market Rally
This interview originally aired live on July 25, 2018 during TD Ameritrade Network’s Market on Close segment. Norm Conley, JAG’s CEO and CIO, was interviewed by Oliver Renick, Lead Anchor. View the full interview broadcast here >>
What is Ailing the Industrials Sector?
The Industrials sector has been lagging the Russell 1000 Growth Index badly so far in 2018. In fact, the Industrials Select Sector SPDR (XLI) recently made a 2,344 day low in relative strength, which equates to its worst relative performance in over 10 years. At first (and even second) glance, this makes little sense. After […]
2nd Quarter 2018: Reviewing the Big Picture
The US stock market rebounded during the 2nd quarter, despite chaotic news flow highlighted by rising energy prices, a flattening Treasury yield curve, turmoil in emerging markets, President Trump’s tariff policies, and growing fears of a trade war between the US and China. The S&P 500 successfully navigated all this noise to generate a quarterly […]
Should We Be Banking on Bank Stocks?
We have been favorably disposed to stocks in the Financial sector since last year, but relative strength has recently deteriorated. Note that the Financials Sector SPDR (XLF) recently hit a 483-day relative strength low and appears to be near the important support level that was set in April 2016. Much of this is driven by […]
Change is Coming
Imagine a world where tools for payments were not necessary. Paper checks are already on the way out, and within a decade they might not exist at all. Airlines and now some restaurants are no longer accepting cash. Credit cards are expensive, and they are cumbersome to use online, where consumers have to re-enter and […]
Are Stock Investors (Really) Too Exuberant?
Over the last several years, we haven’t had to look too hard to find lots of pundits telling us how “over-extended” the current bull market is. But when we compare the inflation-adjusted S&P 500 and its long-term trend since 1926, the picture becomes different (and clearer). There have been three true equity market “bubbles” in […]
Previewing September’s Big Sector Shuffle
This coming September, the Telecommunications Services sector will be renamed to Communications Services. Under this new name, this sector will be broadened to include companies that have historically been included in the Consumer Discretionary and Information Technology sectors. This is (literally) a big deal! We can get a preview of the impact by looking at […]
Surprise! It Still Works!
What is better than a surprise birthday party? Answer: Your equity investments reporting unexpected profits. Stocks frequently appreciate following unexpected good news. Recognizing this phenomenon, investment industry databases have created variables designed to identify earnings surprises, measure the degree of surprise, and keep track of a series of surprises. Due to the relationship between positive […]
Business Owner Optimism at All-Time Highs
The Consumer Discretionary sector has been generally gaining relative strength versus the Russell 1000 Growth Index since last November. There is little question that much of the sector’s strength is being driven by ecommerce companies like Amazon and Netflix, but recently we have noticed some broadening participation in the group. For example, luxury goods and […]
Here Comes the Boom
The Millennial generation (born between 1982 and 1996) comprises the second largest population in the United States. Only the Baby Boomers are a larger cohort. Large groups of similarly aged people tend to have commonalities in their consumption patterns, and as a result, a good investment strategy over the years has been to follow populations […]