Stock Market Briefing: Daily Indexes

Transcription

1 Stock Market Briefing: Daily Indexes September 18, 218 Dr. Edward Yardeni Joe Abbott Please visit our sites at www. blog. thinking outside the box

2 Table Of Contents Table Of Contents Daily Indexes 1-3 S&P 5 Sectors 4 S&P 4 Sectors 5 S&P 6 Sectors 6 S&P 15 Sectors 7 S&P 15/5/4/6 YTD Performance 8 S&P 5 Sector Price Indexes 9-14 September 18, 218 / Daily Indexes www.

3 3 29 Figure 1. S&P 5 INDEX Daily Indexes Note: Dotted lines show previous years closing prices Figure 2. S&P 5 INDEX & TRUMP S TARIFFS ANNOUNCEMENTS 3 29 Tariffs on China Threatened 3/22 Xi s Speech 4/1 Tariffs Imposed on China Tariffs on 7/6 China Threatened 6/ Washing Machine & Solar Panel Tariff 1/22 Aluminum & Steel Tariff Threatened 3/1 Aluminum & Steel Tariffs Imposed 5/ Jan Feb Mar Apr May Jun Jul Aug Sep Page 1 / September 18, 218 / Daily Indexes www.

4 Figure 3. Daily Indexes S&P 5 BULL & BEAR MARKETS & CORRECTIONS: (ratio scale) day moving average % (517) -16.% (7) -19.4% (157) -9.8% (28) -9.9% (6) -7.7% -5.8% (62) (34) -5.8% (19) % (28) -12.4%-13.3% (96) (1) -1.2% (13) Note: Corrections are declines of 1% or more, while minor ones are 5%-1% (all in blue shades). Bear markets are declines of 2% or more (in red shades). Number of calendar days in parentheses Figure 4. S&P 5 SECTORS PERFORMANCE: 218 (percent change ytd) S&P 5 Sectors S&P 5 Index (8.6) Consumer Discretionary (18.2) Consumer Staples (-4.7) Energy (3.2) Financials (.7) Health Care (13.) Information Technology (17.7) Materials (-1.6) Industrials Real Estate (1.1) Telecom Services (-4.4) Utilities (2.3) Latest data thru: /18 Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Page 2 / September 18, 218 / Daily Indexes www.

5 Figure 5. S&P 5/4/6 STOCK PRICE INDEXES (daily, ratio scale) Daily Indexes S&P Stock Price Indexes S&P 5 LargeCap (294.31) S&P 4 MidCap (236.73) S&P 6 SmallCap (178.) Figure 6. S&P 6 (as a ratio of S&P 5) S&P 4 (as a ratio of S&P 5) Page 3 / September 18, 218 / Daily Indexes www.

6 S&P 5 Sectors Figure 7. CONSUMER DISCRETIONARY S&P 5 Sector Price Indexes INDUSTRIALS CONSUMER STAPLES INFORMATION TECHNOLOGY ENERGY MATERIALS FINANCIALS TELECOMMUNICATION SERVICES HEALTH CARE UTILITIES Source: Standard & Poor s and Haver Analytics. Page 4 / September 18, 218 / Daily Indexes www.

7 S&P 4 Sectors Figure 8. CONSUMER DISCRETIONARY S&P 4 Sector Price Indexes INDUSTRIALS CONSUMER STAPLES INFORMATION TECHNOLOGY ENERGY MATERIALS FINANCIALS TELECOMMUNICATION SERVICES HEALTH CARE UTILITIES Source: Haver Analytics and Standard & Poor s. Page 5 / September 18, 218 / Daily Indexes www.

8 S&P 6 Sectors Figure 9. CONSUMER DISCRETIONARY S&P 6 Sector Price Indexes INDUSTRIALS CONSUMER STAPLES INFORMATION TECHNOLOGY ENERGY MATERIALS FINANCIALS TELECOMMUNICATION SERVICES HEALTH CARE UTILITIES Source: Haver Analytics and Standard & Poor s. Page 6 / September 18, 218 / Daily Indexes www.

9 S&P 15 Sectors Figure 1. CONSUMER DISCRETIONARY S&P 15 sector price indexes INDUSTRIALS CONSUMER STAPLES INFORMATION TECHNOLOGY ENERGY MATERIALS FINANCIALS TELECOMMUNICATION SERVICES HEALTH CARE UTILITIES Source: Haver Analytics and Standard & Poor s. Page 7 / September 18, 218 / Daily Indexes www.

10 S&P 15/5/4/6 YTD Performance 6 Figure 11. S&P 15 6 S&P 5 LargeCap 6 S&P 4 MidCap 6 S&P 6 SmallCap All Sectors Consumer Discretionary Consumer Staples Energy Financials Health Care Industrials Information Technology Materials Telecom Services Utilities Page 8 / September 18, 218 / Daily Indexes www.

11 S&P 5 Sector Price Indexes Figure 12. CONSUMER DISCRETIONARY S&P 4 S&P 5 S&P Figure 13. CONSUMER STAPLES S&P S&P S&P Page 9 / September 18, 218 / Daily Indexes www.

12 S&P 5 Sector Price Indexes Figure 14. ENERGY S&P S&P S&P Figure 15. FINANCIALS S&P S&P S&P Page 1 / September 18, 218 / Daily Indexes www.

13 S&P 5 Sector Price Indexes Figure 16. HEALTH CARE S&P S&P S&P Figure 17. INDUSTRIALS S&P S&P S&P Page 11 / September 18, 218 / Daily Indexes www.

14 S&P 5 Sector Price Indexes Figure 18. INFORMATION TECHNOLOGY S&P 4 S&P 5 S&P Figure 19. MATERIALS S&P S&P S&P Page 12 / September 18, 218 / Daily Indexes www.

15 S&P 5 Sector Price Indexes Figure 2. TELECOMMUNICATION SERVICES S&P S&P S&P Figure 21. UTILITIES 12 1 S&P S&P S&P Page 13 / September 18, 218 / Daily Indexes www.

16 S&P 5 Sector Price Indexes.7 Figure 22. S&P 5 GROWTH vs VALUE RELATIVE TO S&P Relative to S&P 5* Growth Value * Rising (falling) line indicates that the index is outperforming (underperforming) the S&P 5. Source: Standard & Poor s and Haver Analytics. 5 4 Figure 23. S&P 5 GROWTH vs VALUE STOCK GROWTH RATES SPREAD (yearly percent change spread, basis points) S&P 5 Growth Outperforms S&P 5 Value latest (13.6) 2 1 9/ S&P 5 Growth Underperforms S&P 5 Value Source: Standard & Poor s and Haver Analytics. -4 Page 14 / September 18, 218 / Daily Indexes www.

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