Quote of the Day

Keith McCullough points to where, even in this US equity market that seems so detached from economic reality, fundamentals are making sense — and will likely continue to going forward:

“A) 55 of the 60 SP500 Healthcare companies have reported aggregate year-over-year earnings growth of +9.3%

B) All 65 of the SP500’s Financial companies have reported an aggregate year-over-year earnings crash of -35.1%

Does that partly explain why Healthcare Stocks (XLV) are only -0.7% YTD vs. Financials (XLF) having crashed -29.0%? A: Absolutely.

The next question is, always, what’s next? Well, since the ROC of Earnings Growth mattered in Q1 (those are Q1, pre-virus EPS reports), fully loaded with all of its divergences, the macro market is telling you it’s going to matter here, again, in Q2.”

By the way, our current core allocation to healthcare is 15.2%, financials are 3.5%… I.e., we too believe that the fundamentals will ultimately prevail… 

Share:

Recieve Between the Lines Posts to your Inbox

Sign up for lorem ipsum delores sin.

We care about the protection of your data. Read our Privacy Policy.
vulkan vegas, vulkan casino, vulkan vegas casino, vulkan vegas login, vulkan vegas deutschland, vulkan vegas bonus code, vulkan vegas promo code, vulkan vegas österreich, vulkan vegas erfahrung, vulkan vegas bonus code 50 freispiele, 1win, 1 win, 1win az, 1win giriş, 1win aviator, 1 win az, 1win azerbaycan, 1win yukle, pin up, pinup, pin up casino, pin-up, pinup az, pin-up casino giriş, pin-up casino, pin-up kazino, pin up azerbaycan, pin up az, mostbet, mostbet uz, mostbet skachat, mostbet apk, mostbet uz kirish, mostbet online, mostbet casino, mostbet o'ynash, mostbet uz online, most bet, mostbet, mostbet az, mostbet giriş, mostbet yukle, mostbet indir, mostbet aviator, mostbet casino, mostbet azerbaycan, mostbet yükle, mostbet qeydiyyat