HORAN Capital Advisors

By David Templeton, CFA | Weekly Articles: October 19, 2014

Market Capitulation: Did Investment Managers Just Throw In the Towel?

Various sentiment measures are flashing previous levels of fear we’ve seen at recent major lows. Andrew Nyquist went over a few <b>here</b>, but one more …

Almanac Trader

Over the last 21 years, DJIA has advanced just 47.6% of the time during the week before Memorial Day weekend. Of the five major indices we frequently …

October 2014

Weighing the Week Ahead: Is the Correction Over?

Was that the bottom? Nearly everyone is trying to time the market, so the financial media will focus on remaining risk versus signals of a bottom.<p>We …

Fund Managers' Current Asset Allocation - October

Every month, we review the latest BAML survey of global fund managers. Among the various ways of measuring investor sentiment, this is one of the …

Weekly Market Summary

After 27 months, SPX experienced its first 10% correction this week.<p>As we have detailed many times, this was an exceptionally long and uncorrected …

Succinct Summation of Week's Events 10.17.14 - The Big Picture

Succinct Summations of Week ending October 17th<p><b>Positives</b>:<p>1. Initial jobless claims came in at 264k, their lowest numbers since 2000.<br>2. Gasoline …

Equity Put/Call Ratio And VIX Indicating Oversold Conditions

Although an equity put/call ratio over 1.0 is ideal for this sentiment indicator to indicate oversold market conditions, the current .91 level is an …

CEOs Tout Reserves of Oil, Gas Revealed to Be Less to SEC - Bloomberg

Lee Tillman, chief executive officer of Marathon Oil Corp., told investors last month that the company was potentially sitting on the equivalent of …

10.18.14: SP 500 Earnings Update: Forward Growth Rate Nears 2014 High, Despite Energy Drag on Earnings

Per Thomson Reuter’s “This Week in Earnings”, the forward 4-quarter estimate for the SP 500 slipped to $129.34 this week, from last week’s …

The Downside & Upside of Cheaper Oil (excerpt)

The Downside & Upside of Cheaper Oil (excerpt)<p>The plunge in the price of crude oil should be a positive for the S&P 500 Transportation index. …

Buybacks Are Back in the News (excerpt)

Buybacks Are Back in the News (excerpt)<p>Yesterday’s print version of the <i>FT</i> included an article titled, “Buybacks: Money Well Spent?” It makes the same …

Schedule for Week of October 19th

The key reports this week are September New home sales on Friday, and Existing home sales on Tuesday.<p>For prices, CPI will be released on</b> …

Industrial production is quite strong

September gains in U.S. industrial production far surpassed expectations (+1.0% vs. +0.4%). Gains in the past year are well over 4%, which marks an …

The Eurozone Plots Its Long Road to Recovery | Franklin Templeton

Growth in much of Europe is slow—some observers even say the economy is moving sideways. Lately, the eurozone seems to have more in common with …

A Treasury Market Disconnect | Franklin Templeton Investments

As the US economy continues to show signs of strength and the US Federal Reserve (Fed) continues to wind down its quantitative easing (QE) program, …

News In Charts: Volatility Is Back! | Lipper Alpha Insight

<b>Three months ago we argued that, with most risk metrics close to all-time lows, markets had become complacent. Back then, yields in the euro area</b> …

It Is Always The Same Novel

The Nobel Prize for Literature was awarded this morning to a French author by the name of Patrick Modiano. Modiano has written more than 20 novels, …

Stocks
Trends

HERE IS WHY THE S&P HITS NEW HIGHS BY YEAR END

Posted By admin on Oct 12, 2014 | 0 comments<p>You know the market has hurt investors when the analysis becomes a plethora of "maybes," "coulds," and …

François Trahan: Best Four Years Ahead For U.S. Equity Investors

One factor that is a certainty at the moment is there is not a lack of strategy commentary around the future direction of the equity markets. The …

Week Thoughts: Oil Outbreak Spreads to MLPs

October 12, 2014<p>241 Views<p>As noted and discussed in my Friday post, the Alerian MLP Index was down 7.0% this week, and the Alerian MLP Equal Weight …

This is what "risk off" looks like in stocks

The chart above shows the 12 month return (vertical axis) against the shorter-term momentum (horizontal), for the major sectors of the S&P 1500. We …

Trading Calendar - October

Daily Email Updates<p>Login<p>Become a CXO Member<p>Gain access to hundreds of premium investing research articles and CXO's trading strategies<p>Current …

Finance

Lower oil prices

For the last 3 years, European Brent has mostly traded in a range of $100-$120 with West Texas intermediate selling at a $5 to $20 discount. But in …

Investors Intelligence Sees A Correction: Will It Happen?

There’s been a very interesting development in the Investors Intelligence US Advisors’ Sentiment Report this week, as more than 40% of those polled …