Green Book November 2011
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Featured Articles
A Graphically-Oriented Overview Of Q3 Earnings Developments
So far so good, as sales and earnings numbers reported have been better than expected. Eric Weigel explores newly emerging trends from a number of angles and makes some cautious inferences.
Ain’t Nobody Happy
Despite the big October rebound, Doug Ramsey examines various market players and finds that dissatisfaction with recent market moves may proliferate among all but a select few.
An Economic Buy Signal
Does a simple twist on the ISM Index produce an excellent stock market indicator?
Buy Energy Stocks
Why is right now a great time to buy Energy stocks?
Demise Of Corporate Tax Revenues? A Look At Trends Of Corporate Tax Vs. Individual
This month’s “Of Special Interest” examines Federal tax revenues from corporations versus individuals. Despite strong revenue and earnings growth, corporations paid fewer taxes this year; all of the government’s revenue increase came from individuals.
Global Dividend Screen
Methodology for the new screen and the Dividend Sustainability Rank are discussed in detail. Dividend strategies continue to gain popularity, as equity investors grapple for yield.
Inflation Pressures Waning
While our 2011 year end inflation projections are still well above the 2010 year end levels, it seems that both the CPI and PPI may have already peaked for the year.
Rates Too High For A Housing Rebound?
Are mortgage rates still too high for a rebound when looking at real mortgage rates?
Risk Aversion Fell Sharply, But Caution Still Warranted
The Risk Aversion Index fell sharply during October. Despite the sharp drop in the index, it has not fallen enough to generate a new “lower risk” signal. Our take on the current reading is “wait and see” with a bias towards lower risk.
Select Industries: New Groups Initiated
In late October, Select Industries Equity Portfolio established three new holdings in Drug Retail, Hypermarkets & Super Centers, and Data Processing & Outsourced Services. Even with the MTI in Positive territory, we are maintaining some defensive exposure, as global economic worries persist.
The Return Of Value And Growth?
Correlations finally drop during the October market rally. Both Value and Growth factors outperformed during the month. Some momentum factors have diverged… each is an atypical occurrence.
Table of Contents
Stock Market
- Ain’t Nobody Happy
- An Economic Buy Signal
- Rates Too High For A Housing Rebound?
- Buy Energy Stocks
- A Graphically-Oriented Overview Of Q3 Earnings Developments
- Global Dividend Screen
Of Special Interest
Macro Monitor
Equity Strategies
Quant
Inflation Watch
A Graphically-Oriented Overview Of Q3 Earnings Developments
So far so good, as sales and earnings numbers reported have been better than expected. Eric Weigel explores newly emerging trends from a number of angles and makes some cautious inferences.
Ain’t Nobody Happy
Despite the big October rebound, Doug Ramsey examines various market players and finds that dissatisfaction with recent market moves may proliferate among all but a select few.
An Economic Buy Signal
Does a simple twist on the ISM Index produce an excellent stock market indicator?
Buy Energy Stocks
Why is right now a great time to buy Energy stocks?
Demise Of Corporate Tax Revenues? A Look At Trends Of Corporate Tax Vs. Individual
This month’s “Of Special Interest” examines Federal tax revenues from corporations versus individuals. Despite strong revenue and earnings growth, corporations paid fewer taxes this year; all of the government’s revenue increase came from individuals.
Global Dividend Screen
Methodology for the new screen and the Dividend Sustainability Rank are discussed in detail. Dividend strategies continue to gain popularity, as equity investors grapple for yield.
Inflation Pressures Waning
While our 2011 year end inflation projections are still well above the 2010 year end levels, it seems that both the CPI and PPI may have already peaked for the year.
Rates Too High For A Housing Rebound?
Are mortgage rates still too high for a rebound when looking at real mortgage rates?
Risk Aversion Fell Sharply, But Caution Still Warranted
The Risk Aversion Index fell sharply during October. Despite the sharp drop in the index, it has not fallen enough to generate a new “lower risk” signal. Our take on the current reading is “wait and see” with a bias towards lower risk.
Select Industries: New Groups Initiated
In late October, Select Industries Equity Portfolio established three new holdings in Drug Retail, Hypermarkets & Super Centers, and Data Processing & Outsourced Services. Even with the MTI in Positive territory, we are maintaining some defensive exposure, as global economic worries persist.
The Return Of Value And Growth?
Correlations finally drop during the October market rally. Both Value and Growth factors outperformed during the month. Some momentum factors have diverged… each is an atypical occurrence.
Stock Market
- Ain’t Nobody Happy
- An Economic Buy Signal
- Rates Too High For A Housing Rebound?
- Buy Energy Stocks
- A Graphically-Oriented Overview Of Q3 Earnings Developments
- Global Dividend Screen