David Templeton | TalkMarkets | Page 11
Portfolio Manager & Principal, HORAN Capital Advisors
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David Templeton, Portfolio Manager Principal, is a senior strategist and advisor at HORAN Capital Advisors. David has extensive experience in portfolio construction, security selection,development of investment policies and portfolio allocation strategies for individual and institutional clients. ...more

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Small Business Optimism, And Importantly Hiring Plans, Remains Favorable
The NFIB Small Business Optimism Index for August was reported at 100.2, which is a 1.4 increase over July's reading.
The Stock Market And Economy Seem To Be In Sync
It seems the market and economy are in sync to a certain degree. Since the S&P 500 Index low on March 23, it has returned over 53% on a price only basis as of this past Friday. The S&P 500 has generated a positive return in 16 of the last 24 weeks.
Stock Prices Reflecting A Resumption In Earnings Growth
One factor about the equity market that stands true is that its movements are often influenced by expectations. Economic news that is reported as better-than-expected often impacts broad equity market prices and earnings.
So Far Not A Year For The Dogs Of The Dow
This year has not been a good one for the Dogs of the Dow strategy. A number of reasons can be cited, like energy sector weakness and both Chevron and Exxon Mobil included in the strategy this year or Cisco and IBM a part of the Dow Dog portfolio.
A Healing Job Market
Initial jobless claims for the week ending August 7 were reported at 963,000, a far cry lower than the nearly 7 million claims filed at the peak of the pandemic shutdown in March/April. Although last week's claims level is too high, it is declining.
Economic Tailwind Contributing To Favorable Equity Market
The equity market seems to be voting that the economy is continuing to regain its health.
VIX/VXV Level Warrants Investor Attention
July's return for the S&P 500 Index of 5.64% pushed the index into positive territory for the year, returning 2.38% year to date. More impressive is the S&P 500's return since the March 23 low at +46.2%.
Market Climbing A Wall Of Worry: Weakening Bullish Investor Sentiment
AAII reported bullish investor sentiment fell 5.83 percentage points to 20.23% in the Sentiment Survey release yesterday.
An Economic Tailwind Would Be Favorable For Stocks
With the consumer accounting for nearly 70% of economic activity, the jobs report came in on the disappointing side. With governors continuing to pause reopening of their respective states, it is not a surprise that the jobs report disappointed.
Strong Rebound In The June NFIB Small Business Optimism Index
I still believe the recent economic data is experiencing a "V-shaped" recovery and the equity market seems to concur. So many times though, we do note the market and the economy do not always react to the same information.
Mutual Fund And ETF Flows Don't Favor Stocks
As is said from time to time, a picture is worth a thousand words and one simply needs to look at mutual fund and ETF flows to see the truth behind the statement.
The "V-Shaped" Recovery Continues: Now It Is The ISM PMI And Non-Manufacturing Index
So long as virus issues are contained to a small number of hotspots, the current recession may be a short lived one.
A Healing Job Market And Economy But Poor Investor Sentiment
It is hard not to look at much of the recent economic data and not come to the conclusion a V-shaped recovery seems to be unfolding.
Leading Economic Index Joins The "V-Shaped" Data Recovery
The LEI rose 2.8% in May after falling 7.5% in March and down 6.1% in April.
Individual Investors Expressing Equity Market Skepticism
Individual investors continue to express a low level of enthusiasm for stocks if the AAII sentiment survey is any indication.
Market Telegraphing A 'V-Shaped' Economic Recovery?
If one is only looking at the stock market, that is the S&P 500 Index, a 'V-shaped' recovery has unfolded off the March 23 low.
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