David Templeton | TalkMarkets | Page 36
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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A Difficult Beginning For The Market To Start The New Year And What Investors Might Now Expect
For stock investors, the poor market performance to start the new year was not what market participants expected. Most readers have read that the 5.96% decline in the S&P 500 this year is the worst market performance to begin a year on record.
Tobin's Q Below 1.0 In Q3 2015
When the stock market trades at a ‘discount’ to the replacement cost of its assets, the market is inexpensive. And the latest reading below 1.0 is the first since the Q ratio equaled .986 at the end of Q2 2013 meaning the market is cheap now.
2015 Was A Year For Growth Stocks And Only A Handful Were Needed
The Dow Jones Industrial Average declined 2.2% in 2015, its first negative return year since 2008. The S&P 500 Index fell .7% and the Nasdaq posted a positive 5.7 return for the year.
Midstream MLPs Potential Funding Hurdles
Stocks in Energy Master Limited Partnerships have experienced some of the worst declines of any sector this year. Investors are evaluating whether this is an opportunity to begin building positions in the asset class.
Retailers Poised To Offer Significant Discounts In The New Year
The business inventory to sales ratio and retail inventory to sales ratio are above or near levels last seen prior to the last recession.
Buybacks And Dividends Exceeded Reported Earnings In Third Quarter
For the third quarter, S&P Dow Jones Indices is reporting that on a quarter over quarter basis buybacks for S&P 500 companies increased 14.5% and increased 3.7% on a year over year basis.
Industrial Production Turns Negative
This afternoon the Fed raised interest rates by 25 basis points, i.e., .25%. Certainly a quarter point hike in rates should not have a significant impact overall.
Junk Bond Risk Leading To A Potential 'Blood In The Streets' Environment
Investor attention at the end of last week's trading was focused on the sharp sell off in high yield bonds, better know as junk bonds.
The Facts Behind A Disappearing Middle Class
U.S. middle class is solved - the apparent movement of Americans toward the "economic extremes" is primarily the result of the changing age demographics of the U.S. income earning population.
A Fed Rate Increase May Be Larger Headwind For Short Maturity Bonds
Certainly rising rates can have an impact on long rates; however, another key variable is the level of inflation. What the economy has not seen during this recovery is a move to higher inflation.
Mega Cap Stocks Driving Market Returns
One aspect of the market recovery since the August/September lows has been the narrow market breadth. The Russell 1000 Index return has been held up by the large mega cap stocks within the index. This has been the case for the S&P 500 Index as well.
Gold And The Equity Markets
Gold has not been immune to broader issues facing the overall commodity market.Gold is down 10.8% YTD while the broader CRB Commodity Index is down 20.3%. A part of the issue negatively impacting the price of gold is output is outpacing demand.
Replacing Federal Reserve Rate Decisions With A Mathematical Formula?
The Taylor Rule is one mathematical formula that gets attention and is used by some to determine what the Fed Funds rate should be. Not surprisingly, the Fed is not in favor of this type of proposal.
E-Commerce Sales Growth Challenging Traditional Retailers
Brick and mortar retailers continue to face the challenge brought about by the continued growth in e-commerce sales.
Thankful For The Market Action So Far In 2015
In the spirit of Thanksgiving, investors and readers can be thankful the market has weathered the news headlines headwinds coming out of Europe and the Middle East.
Better Investing Most Active As Of November 21, 2015
New to the list since I list provided an update in August is Under Armour, Visa and Johnson & Johnson. Dropping off the list is Southwest Airlines, General Electric and Ambarella.
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