RTM: Stock Markets Lower, But Nothing Has Changed

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5 Second Run Down

Equities are down about 1.5 percent on the broader averages. We still about 1.5 percent from all-time highs. Financials ($XLF) and Semis ($SOXX) are the hardest hit. The Dollar is weaker as are yields.
^SPX Chart

^SPX data by YCharts

XLF, XLB and XLI have been weakest sector YTD, and have trended lower since the middle of March.

The dollar has been trending lower since December.
^DXY Chart

^DXY data by YCharts

Yields have been in the same range for a long time too.
^TNX Chart

^TNX data by YCharts

So what’s new today? Nothing. All of these trends have been place for some time. The Trump Trade can’t be getting called into questions because it has been dead for months now. Earnings and revenue growth will continue to be the backbone of this market.
S&P 500 Earnings Per Share Forward Estimate Chart

S&P 500 Earnings Per Share Forward Estimate data by YCharts

S&P 500 Sales Per Share Chart

S&P 500 Sales Per Share data by YCharts

 Mott Capital Management, LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

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This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment adviser representative with Mott Capital Management. Mr. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer’s views. Readers should not treat any opinion, viewpoint, or prediction expressed by Michael Kramer as a specific solicitation or recommendation to buy or sell a particular security or follow a particular strategy. Michael Kramer’s analyses are based upon information and independent research that he considers reliable, but neither Michael Kramer nor Mott Capital Management guarantees its completeness or accuracy, and it should not be relied upon as such. Michael Kramer is not under any obligation to update or correct any information presented in his analyses. Mr. Kramer’s statements, guidance, and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Michael Kramer nor Mott Capital Management guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this analysis may not be suitable for you. This material does not consider your particular investment objectives, financial situation, or needs and is not intended as a recommendation appropriate for you. You must make an independent decision regarding investments or strategies in this analysis. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment.