Tactical and early EPS season update
Median post-crash reflex rally still points to a retest... The SPX has rallied 13.5% off the 12/24/18 low in just 17 trading days. While the reflex rally seems unbelievable, based…
Read MoreMacro
Tony is best known for the practical application of macro data. He will use his 30 years of experience to evaluate what data matters and how you can apply it to your investment process.
Borrowing to fund dividends is back in vogue as the credit boom prepares to intensify yet again
Highlights The credit market is wide open again Companies are borrowing for financial engineering Pensions are voting to put even more fresh new tax money into credit despite the…
Read MoreOur canary in the coal mine is chirping away
Highlights The credit boom remains intact Charter’s bond deal indicates that most companies can borrow money to buy back stock
Read MoreOur earnings season outlook
Highlights Our analysis of corporate tax payments indicates that companies are likely going to beat expectations this earnings season by a smaller margin than has been the case for…
Read MoreReplay of today’s Dwyer Strategy conference call
A replay of today’s conference call is now available for Gold level subscribers to download.
Read MoreDwyer Strategy conference call
We are going to hold a conference call to go through the January Macro Slide Deck and our 2019 outlook Thursday January 10th at 11am EST. This will be for…
Read MoreJanuary Macro Slide Deck
Last year began with a global synchronized recovery, historically low volatility, extreme bullishness, a ramping economy, and the potential for greater than 20% S&P 500 (SPX) operating EPS growth. We…
Read MoreStill looks like policy-driven market event
Human nature is very consistent – pain is the ultimate motivator for change, and a 20% market swoon in under three months has most tactical and historical indicators suggesting extreme…
Read MoreExtremes and expectations
The S&P 500 (SPX) dropped by 7% last week and broke through the bottom from late October through early December. That means the whole intermediate-term bottoming process will need to…
Read MoreWaiting for rally requirement indicators but expect reflex rally
The Fed raised rates for the ninth time, only lowered expectations for 2019 hikes from three to two, and did not adopt a more dovish tone in its press release.…
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