S&P 500
S&P Announces Huge Upward Revision In Book Value Calculations…..Without Explanation
We remain confused by the huge revisions without a valid explanation.
“Sell In May And Go Away”
It looks like a strong first half can still lead to a good second half, unless the first half was really good.
Volatility Update…..NASDAQ Still More Volatile Than The S&P 500
In 2003, the NASDAQ has not been as volatile as in recent years, but is still more volatile than the S&P 500.
Historical Swings In S&P 500 Sector Weights
A look at favoritism shifts in broad economic sectors, 1977 to date. Large weights prone to correction.
S&P 500 Not Overvalued
The index is not currently “overvalued”…..Nor is it undervalued. Small/mid cap stocks cheap, but large caps also getting attractive.
Catching Up To The Guy Who Sold At The Market Top
Given various assumed compound rates of return, how long will it take for the investor who remained in stocks to catch the investor who shifted to T-bills at the top?
The Big Swings In S&P 500 Sector Weights
History shows us a number of economic sectors besides technology which have also experienced broad swings as the tide of investor enthusiasm ebbs and flows.
Volatility Update…..High S&P Volatility Continues In Early 2003
Volatility in the S&P was unusually high in 2002. And now in early 2003, it appears the S&P 500 is continuing to be extremely volatile.
Large Cap Versus Small Cap: Inside The S&P 500
Poor performance by large cap technology and nifty fifty type issues had a very negative impact on S&P 500 cap weighted performers for the past three years.
Steve The Technician
Last month, we had a request for technical readings on the major market indices. Being a long time card carrying member of the Market Technicians Association, I decided I should oblige.
Volatility Update…..S&P Volatility Highest Since 1938
YTD instances of High Volatility (50%) is still well above the 2000-2001 levels. It is, in fact, the highest volatility reading since 1938, and the fifth highest since 1900.
Volatility Update…..Both S&P 500 And NASDAQ Very Volatile
October's reading the most volatile in the S&P 500 since 1938 and fifth highest over the entire history of this work.
Eerie Parallels To 1962’s Stock Market
Markets appear remarkably similar on several levels: Both markets struggling to recover in wake of recession economy. Cuban Missile Crisis left Americans wondering if war was imminent, as Iraq debate continues to heat up today.
Volatility Update…..A Wild Ride In July
S&P 500 High Volatility reading of 73% for the month is in line above the all time annual highs recorded in 1931-1933.
Volatility Update…..Seems To Be On The Rise Of Late
Volatility is still running at a pace significantly less than in 2000 and 2001, but the recent acceleration is troubling.
Volatility Update…..May Was A Wild Month
Instances of High Volatility in May were unusually high for the S&P 500.
Large Cap Versus Small Cap: S&P 500 Versus Russell 2000
For the third straight year, the Russell outperforms.
Volatility Update
The NASDAQ volatility continues to slow but the S&P 500 was surprisingly volatile in July.
What About the Recession and the Awful Earnings?
The NBER (U.S. “recession judge”) often fails to label recessions until after they are over. Sector Earnings in 2001: Estimate operating earnings for the cap weighted measures will be down 15%, maybe 20%. Expect the economy will start to stabilize by year-end, and improve in early 2002.
Performance From A Long Term Perspective
Don’t let the roller-coaster ride of the short term lead to abandonment of sound, long-term investment strategies. Despite 2000-2001 declines, stock market performance over the last ten years is still beating long-term, median equity returns.
Perception for the Professional
March 2026 Issue
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Sector Navigator
March 2026 Issue
