Aggregate Estimates and Revisions

First quarter earnings are expected to increase 1.5% from 18Q1. Excluding the energy sector, the earnings growth estimate is 2.9%.
Of the 483 companies in the S&P 500 that have reported earnings to date for 19Q1, 75.2% have reported earnings above analyst expectations. This compares to a long-term average of 65%…[Read more]

The ETF universe had net inflows of $5.3 billion last week as all three asset groups took in net new money. Equity ETFs (+$5.0 billion) were responsible for the lion’s share of the net inflows, while taxable bond and muni bond ETFs accounted for $226 million and $79 million, respectively, of the total net inflows. The largest individual net i…[Read more]

Golden Capital Portfolio Holdings-Activity:
1. VXX = 10% of Portfolio exposure; untouched in 2019
2. UVXY= building and trading YTD; current core up to 1,986 shares
3. KO = acquired in Q1 $49.28, collecting quarterly dividend and will continue to hold
4. VZ = acquired $56.78, sold some at $59.55, continuing to hold and collecting dividend
5.…[Read more]

Friday considerations: Bouncing off Thursday’s sell-off. U.K. Prime Minister resigns. China equity markets bounced for the most part and Europe is trading higher in the 7:00 a.m. EST hour. Oil needs to rebound throughout the day for U.S. equities to rebound all day. Treasurys are selling off with yields higher, still inverted with 3 month–10…[Read more]