Archive | February, 2016

Banks Approaching Relative Performance Lows

1 - Copy - Copy

The KBW Bank Index, which consists of 24 banks, is approaching 2008 and 2011 lows relative to the S&P 500. In the chart below, we plot the KBW Index against the S&P 500 going back to September 1992 which is when the KBW Bank Index began. We have indexed the chart at 100 starting in September […]

Coach Is Beginning To Look Interesting

Coach (ticker: COH) has had several rough years in a row. In fact, would it surprise you to find out that Coach has been THE worst performing US consumer discretionary stock over the past four years? As of yesterday’s close, it is down 49.8% over the past four years beating out the likes of Wynn […]

The Long View Of US Income and Consumption Patterns

1 - Copy - Copy

In the summer of 2008 and the fall of 2012, US consumers were spending over $400 billion on gasoline (and other motor fuels) on a seasonally adjusted annualized rate (SAAR) according to Bureau of Economic Analysis (BEA). As of the end of last year spending on gasoline is down to $251 billion, which outside of […]