tag:blogger.com,1999:blog-85593518996331950782024-03-05T22:31:17.737-08:00Barmston Capital Blog SpotBarmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.comBlogger110125tag:blogger.com,1999:blog-8559351899633195078.post-37048742652413021822022-11-03T10:04:00.000-07:002022-11-03T10:08:30.649-07:0010 yr-2 yr Treasuries, -0.51 Yield Curve Inversion<p class="mobile-photo">August 1981 is the last time the Yield Curve Inversion was higher than today. The two-year is yielding 4.7%, astoundingly high. The inversion is a very strong signal of recession.<a href="https://blogger.googleusercontent.com/img/a/AVvXsEhfJ5VYKA3zVSDoEQzAwjrRaCy45q8N9wNQcsmCM1KIL6ybwFyijiZudqbifwBFp530L7wCXh3eIDSchFWyw8GaNZLwlXL_prevGXtzfTT2fGSFb1ICzRgH-u7meNRejHQ7dSpf9Is54RY60Uc5mAvJ9g4RBcvoQwpzABsdEhrSjDx3x7eAjweRriee"><img alt="" border="0" height="322" id="BLOGGER_PHOTO_ID_7161836940062805106" src="https://blogger.googleusercontent.com/img/a/AVvXsEhfJ5VYKA3zVSDoEQzAwjrRaCy45q8N9wNQcsmCM1KIL6ybwFyijiZudqbifwBFp530L7wCXh3eIDSchFWyw8GaNZLwlXL_prevGXtzfTT2fGSFb1ICzRgH-u7meNRejHQ7dSpf9Is54RY60Uc5mAvJ9g4RBcvoQwpzABsdEhrSjDx3x7eAjweRriee=w640-h322" width="640" /></a></p>Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0tag:blogger.com,1999:blog-8559351899633195078.post-32927562003369506972022-11-01T11:40:00.001-07:002022-11-01T11:45:52.388-07:00Real Weekly Earnings of Production & Nonsupervisory Employees, Ex-Gov<p class="mobile-photo">Blue-collar workers, with <2 years under Biden, have seen the steepest declines to inflation-adjusted pay. Only Ford & Carter have seen similar catastrophe:</p><div><a href="https://blogger.googleusercontent.com/img/a/AVvXsEiDXqqTKVFm15ajAYHksCWjAHInszrl6yqjeTc1CVDSM_2gUvkFRqeugkMAb49q2P1-Eqep5E8FI8ztckIXg85sp56qMIgU9BgsYHg4-Vf2VITPx2N7Z1Xt5qgs6jx0AZdF_bkao1c3FpdmrTA45mukAMjjdSfxRL89NwL821h7Kf0dB67sIGv7PWED"><img alt="" border="0" height="464" id="BLOGGER_PHOTO_ID_7161119338950447394" src="https://blogger.googleusercontent.com/img/a/AVvXsEiDXqqTKVFm15ajAYHksCWjAHInszrl6yqjeTc1CVDSM_2gUvkFRqeugkMAb49q2P1-Eqep5E8FI8ztckIXg85sp56qMIgU9BgsYHg4-Vf2VITPx2N7Z1Xt5qgs6jx0AZdF_bkao1c3FpdmrTA45mukAMjjdSfxRL89NwL821h7Kf0dB67sIGv7PWED=w640-h464" width="640" /></a></div><div>Courtesy Advisor Perspectives</div>Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0tag:blogger.com,1999:blog-8559351899633195078.post-11934623868296370352022-10-27T20:05:00.000-07:002022-10-27T20:08:28.508-07:00Real story about +2.6% GDP in Q3, improved from -0.6% in Q2<p class="mobile-photo">Personal Consumption declined from 2% to 1.4%. Investments improved from -14.1% to -8.5%. Imports declined from +2.2% to -6.9% (positive for GDP). Government Spending increased from -1.6% to +2.4%, with Fed petal swinging +7.1% Q/Q, the whopper!<a href="https://blogger.googleusercontent.com/img/a/AVvXsEglBMwa05uQ0-dW02QV1EiWX1A6UbvgTTzIAMGX22PubRjbakutNzg_KXMWQU51DWh8ZfaV56cpAAv21Hqtu4LY4ZJNekZGh5RZV2rJ7m9P1wNKssZmocxhvcQCsybi837gC-DEodY6ZQLSNz1g1p9kA33eYiG5Eqp9wGDPyb7tFdOq4QuIrtVYLD2A"> <img alt="" border="0" height="478" id="BLOGGER_PHOTO_ID_7159394210457321730" src="https://blogger.googleusercontent.com/img/a/AVvXsEglBMwa05uQ0-dW02QV1EiWX1A6UbvgTTzIAMGX22PubRjbakutNzg_KXMWQU51DWh8ZfaV56cpAAv21Hqtu4LY4ZJNekZGh5RZV2rJ7m9P1wNKssZmocxhvcQCsybi837gC-DEodY6ZQLSNz1g1p9kA33eYiG5Eqp9wGDPyb7tFdOq4QuIrtVYLD2A=w640-h478" width="640" /></a></p>Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0tag:blogger.com,1999:blog-8559351899633195078.post-40122369668544346822022-10-26T13:52:00.001-07:002022-10-26T13:58:00.335-07:00Consumer Confidence dipped to 102.5 in October. This level indicated we were in or going into Recession the last 5 times<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgLOvvOyOu9TinqY4c3t12cZSjH9zfCmFq3mx7-OggnxT3z9v49iuLbjinGMMYk-oBty3stjSVB91KnlLj1mYRmEMjLDdyMn5zonqMHcgmcwJfInmB-zPEUVr0lIkCroThJn_87WZoOcdrcwwUaleimTAVTklCJxauGP75XlCpxgQzKvhvPNxxOlXgb"><img alt="" border="0" height="464" id="BLOGGER_PHOTO_ID_7158926864284801106" src="https://blogger.googleusercontent.com/img/a/AVvXsEgLOvvOyOu9TinqY4c3t12cZSjH9zfCmFq3mx7-OggnxT3z9v49iuLbjinGMMYk-oBty3stjSVB91KnlLj1mYRmEMjLDdyMn5zonqMHcgmcwJfInmB-zPEUVr0lIkCroThJn_87WZoOcdrcwwUaleimTAVTklCJxauGP75XlCpxgQzKvhvPNxxOlXgb=w640-h464" width="640" /></a></p>Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0tag:blogger.com,1999:blog-8559351899633195078.post-37371448510495623242022-10-21T17:57:00.001-07:002022-10-21T18:00:05.813-07:00S&P 500 Change in Forward 12-Month EPS vs. Change in Price:<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEg9eMSZWkpKPDQbzbwmTNC5k8528MfLjDHCuSc0YIjTUXHYZyYliNbB5ErfgWNw1FbUTtuyGqA4rZrtXq4dOoZ6XaUYgfMNqpLE6lmdlW6si5LV5LjdyWyBQlziJfDpkItIbUFB8dGM58b2H-DLjrF5X0zWw6tv56Sl4Vc7UPvpTLQ3XL0fDpN3qTuL"><img alt="" border="0" height="366" id="BLOGGER_PHOTO_ID_7157134515030263042" src="https://blogger.googleusercontent.com/img/a/AVvXsEg9eMSZWkpKPDQbzbwmTNC5k8528MfLjDHCuSc0YIjTUXHYZyYliNbB5ErfgWNw1FbUTtuyGqA4rZrtXq4dOoZ6XaUYgfMNqpLE6lmdlW6si5LV5LjdyWyBQlziJfDpkItIbUFB8dGM58b2H-DLjrF5X0zWw6tv56Sl4Vc7UPvpTLQ3XL0fDpN3qTuL=w640-h366" width="640" /></a></p><p class="mobile-photo">Source: FactSet</p>Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0tag:blogger.com,1999:blog-8559351899633195078.post-83719371382000668552022-10-13T14:13:00.001-07:002022-10-13T14:20:26.234-07:00In a dozen Recessions since WWII, on average, Real GDP contracted by 2.5%, Unemployment rose 3.8%, Corporate Profit fell 15%, & 10 months Recession lengthCourtesy Bloomberg:<div><br /><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjWHzXEek7iHDZ6WDeMQwMrXWK4Ronh7gHRBAzY3r5-7RCYPYL_841MV6DCby8QQQr-whgjoMyWdPvwAzdvmaYrPWGtdSkXMICLOAHDntk_m3w1SegxKOtwufSbZbTo4dLefk2R-K5-ZGi-ILmC_Y4P-A4r8ORR9xl18PdNmPHvgRv2epNH6UECX6Dt" style="margin-left: auto; margin-right: auto;"><img alt="" border="0" height="360" id="BLOGGER_PHOTO_ID_7154108280655420274" src="https://blogger.googleusercontent.com/img/a/AVvXsEjWHzXEek7iHDZ6WDeMQwMrXWK4Ronh7gHRBAzY3r5-7RCYPYL_841MV6DCby8QQQr-whgjoMyWdPvwAzdvmaYrPWGtdSkXMICLOAHDntk_m3w1SegxKOtwufSbZbTo4dLefk2R-K5-ZGi-ILmC_Y4P-A4r8ORR9xl18PdNmPHvgRv2epNH6UECX6Dt=w640-h360" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"></td></tr></tbody></table></div>Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0tag:blogger.com,1999:blog-8559351899633195078.post-21726220929095274362022-10-06T12:04:00.001-07:002022-10-07T12:15:16.375-07:00JP Morgan Global Manufacturing PMI – fell to 49.8<p class="mobile-photo">JP Morgan Global Manufacturing PMI – fell to 49.8 in September, down from 50.3 in August. This is the first time that the headline PMI has posted below the neutral 50.0 mark since June 2020</p><p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjLtyLyYRnFAwP6dkGaUJOu7s4ieWxhRphSohWBtqNs_GHCBzOWhGCV1Ejsq1DCn7z8-VbX0U4vL6FTE_T2jGLQax5ST0ozC08S6JqKzV-8zSf2rdhl2e99JJmpN5ykS5cqFuTSJ_e94uHrUhik9sJaE10DJhyY5tVmKAaffdp_gxdO5UnTBSvGOsrB"><img alt="" border="0" height="398" id="BLOGGER_PHOTO_ID_7151477441433970290" src="https://blogger.googleusercontent.com/img/a/AVvXsEjLtyLyYRnFAwP6dkGaUJOu7s4ieWxhRphSohWBtqNs_GHCBzOWhGCV1Ejsq1DCn7z8-VbX0U4vL6FTE_T2jGLQax5ST0ozC08S6JqKzV-8zSf2rdhl2e99JJmpN5ykS5cqFuTSJ_e94uHrUhik9sJaE10DJhyY5tVmKAaffdp_gxdO5UnTBSvGOsrB=w640-h398" width="640" /></a></p>Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0tag:blogger.com,1999:blog-8559351899633195078.post-77500096155285871982022-09-03T11:03:00.001-07:002022-09-03T11:13:30.768-07:00One Can’t Say the US Fed is Hawkish<p class="mobile-photo">The Fed's Balance Sheet is nearly $9 Trillion. Quantitative Tightening is talking down the Balance Sheet $100 Billion a month. At this rate it will take ~5 years to normalize the Balance Sheet. With a looming disaster this large (including $30 Trillion in Government Debt) it is hard to say what the right thing is to do:</p><p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjkvdHjsiqLQAGqJ8UNTry7dr-yufxOBuBiUyZeahWOdkMFns7IhAdt1XQDokaiFBznffZFYrI8OFA6tx3Q_cPPAzR3RV0DhXpNl4UZLcmVzUFM14O7qYVT_yr3ynjqQmzejV7GP-ZkXkGPIzDWSZDXhlb2VZMZzuFdt9BqBaeXg0WJQGeay6j9blYw"><img alt="" border="0" height="512" id="BLOGGER_PHOTO_ID_7139215805204635410" src="https://blogger.googleusercontent.com/img/a/AVvXsEjkvdHjsiqLQAGqJ8UNTry7dr-yufxOBuBiUyZeahWOdkMFns7IhAdt1XQDokaiFBznffZFYrI8OFA6tx3Q_cPPAzR3RV0DhXpNl4UZLcmVzUFM14O7qYVT_yr3ynjqQmzejV7GP-ZkXkGPIzDWSZDXhlb2VZMZzuFdt9BqBaeXg0WJQGeay6j9blYw=w640-h512" width="640" /></a></p>Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0tag:blogger.com,1999:blog-8559351899633195078.post-43480627535232684822022-09-02T20:03:00.001-07:002022-09-02T20:08:08.925-07:00S&P 500 not as cheap as it looks, Forward P/E is just about at the 10 year average<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEh0UO-PIZDmRCn8634eqJw6ogjHQJCbyXWGRCj-WBOHGMtpom5179l70WhUdyL91ZmIq8RHIAD_W6rLk82o3arYp5XyAHt3NhddlYZ23csCq64gKwpEVY4Irul6cXkpWbBTAb_SEN9PFHz9n_MYzgyrdycbU6SZLlJVKzoHj8dvoWCsb9HfHc_6R4aS"><img alt="" border="0" height="373" id="BLOGGER_PHOTO_ID_7138983834075496098" src="https://blogger.googleusercontent.com/img/a/AVvXsEh0UO-PIZDmRCn8634eqJw6ogjHQJCbyXWGRCj-WBOHGMtpom5179l70WhUdyL91ZmIq8RHIAD_W6rLk82o3arYp5XyAHt3NhddlYZ23csCq64gKwpEVY4Irul6cXkpWbBTAb_SEN9PFHz9n_MYzgyrdycbU6SZLlJVKzoHj8dvoWCsb9HfHc_6R4aS=w640-h373" width="640" /></a></p>Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0tag:blogger.com,1999:blog-8559351899633195078.post-59648063455655760922022-06-03T17:02:00.001-07:002022-06-03T17:03:53.308-07:00May Labor Participation Rate of 62.3%, just 0.1% better than April, stayed below pre-COVID numbers, dampening the May Job growth news of 390K<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgp-obyW34mp0gVSo6_E1dJPaJBQViZikOdrCFfWtw98kI6LSwWwB3L4pbsvM-vtuiDxizGEmUxP-sOsJeQv5oUFS4JNT9x0OXYKX-ASWMRTifxmMA7kmM3FiN-tZV8FeZhguicn2NYrCsa0tdHPlA-qZnTyfMFuoWX1O1rjha4cH3C8xEFei92iWH1"><img alt="" border="0" height="298" id="BLOGGER_PHOTO_ID_7105168609214501586" src="https://blogger.googleusercontent.com/img/a/AVvXsEgp-obyW34mp0gVSo6_E1dJPaJBQViZikOdrCFfWtw98kI6LSwWwB3L4pbsvM-vtuiDxizGEmUxP-sOsJeQv5oUFS4JNT9x0OXYKX-ASWMRTifxmMA7kmM3FiN-tZV8FeZhguicn2NYrCsa0tdHPlA-qZnTyfMFuoWX1O1rjha4cH3C8xEFei92iWH1=w640-h298" width="640" /></a></p>Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0tag:blogger.com,1999:blog-8559351899633195078.post-6425593711730221302022-05-27T11:32:00.001-07:002022-05-27T18:27:54.707-07:00Communication model-Agape Love Trumps All<p class="mobile-photo">Empathy is putting yourself in another person's shoes. Better yet, transform your Empathy into Compassion, which Caring thoughts for another. Best yet, transform your Compassion into Commitment, which is Action in being a good friend. </p>~Agape Love >Collaboration >Competition~<div style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgpgjI6YqfrnKL3Tr7MnegHk58o_1kRzBBjMxvzue9G80ir0M9JdmoQMvE9gKAq_DUyTLysBxx_YGj1V0cTaJLZAQHqss9xNUbsf4TJbEdijfbeBBqP9T15N9MCIrOUe8e8czJLJRlKytTZXxnHh_L6liozCzxQLGyUUAuO3io0TCeZdFXzec-PE366"><img alt="" border="0" height="358" id="BLOGGER_PHOTO_ID_7102485841714530898" src="https://blogger.googleusercontent.com/img/a/AVvXsEgpgjI6YqfrnKL3Tr7MnegHk58o_1kRzBBjMxvzue9G80ir0M9JdmoQMvE9gKAq_DUyTLysBxx_YGj1V0cTaJLZAQHqss9xNUbsf4TJbEdijfbeBBqP9T15N9MCIrOUe8e8czJLJRlKytTZXxnHh_L6liozCzxQLGyUUAuO3io0TCeZdFXzec-PE366=w640-h358" width="640" /></a></div>Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0tag:blogger.com,1999:blog-8559351899633195078.post-90414413810181156412022-05-12T09:00:00.001-07:002022-05-12T09:13:00.854-07:00US National Debt is > $30T & Growing Exponentially! Big Government Ruins<p class="mobile-photo">The US National Debt rate has increased about doubled in the past 20 years. Even a child understands you have to live within your means, but our Federal Government has taken us from being Freedom Fighters to unstable Debt-Enslaved Nation:</p><p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgUOh360zz8lNFKreqIw-Hdn_E7HCTL3Bc6hsc55AOOYfey54IfAVxBwPymmYnLPzHQWjadhPCEhuLXutsSMS_HPOaV1QOuSqX-VOmZNjMDTIo4_qsNth_bE7CUtxRdTQb8g1Iy0Haenbyd4WDa1q1aBLzDEYh0EGr6OAgGO5MJoyJ1TiP7dczw9Tgv"><img alt="" border="0" height="388" id="BLOGGER_PHOTO_ID_7096880433268859266" src="https://blogger.googleusercontent.com/img/a/AVvXsEgUOh360zz8lNFKreqIw-Hdn_E7HCTL3Bc6hsc55AOOYfey54IfAVxBwPymmYnLPzHQWjadhPCEhuLXutsSMS_HPOaV1QOuSqX-VOmZNjMDTIo4_qsNth_bE7CUtxRdTQb8g1Iy0Haenbyd4WDa1q1aBLzDEYh0EGr6OAgGO5MJoyJ1TiP7dczw9Tgv=w640-h388" width="640" /></a></p>Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0tag:blogger.com,1999:blog-8559351899633195078.post-8053628324684988742022-05-01T10:31:00.001-07:002022-05-01T10:37:47.723-07:00Where We Are Heading:<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEhqHbcdb_Pq8ywuHRQvgczGxhztJIC2yWNlr551nX64XiSh_tykCcXle_4P4OZJgpMWPd3_SYzDu_EmpiJCQhEkqqkj7Wfpas-PX-aLmhbrYCmOroWZkDAt_O00v91Mx9VLmL2o8OdwdEP_sbIwrN2bk1hpGq5JSJywrdla-I0YBl_ydxXe_bpJPPrl"><img alt="" border="0" height="296" id="BLOGGER_PHOTO_ID_7092822029210228914" src="https://blogger.googleusercontent.com/img/a/AVvXsEhqHbcdb_Pq8ywuHRQvgczGxhztJIC2yWNlr551nX64XiSh_tykCcXle_4P4OZJgpMWPd3_SYzDu_EmpiJCQhEkqqkj7Wfpas-PX-aLmhbrYCmOroWZkDAt_O00v91Mx9VLmL2o8OdwdEP_sbIwrN2bk1hpGq5JSJywrdla-I0YBl_ydxXe_bpJPPrl=w640-h296" width="640" /></a></p>Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0tag:blogger.com,1999:blog-8559351899633195078.post-41410362451522448692022-04-28T18:19:00.001-07:002022-04-28T18:22:52.813-07:00Dollar Index $DXY is now strongest it has been since just after the Tech Bubble pop in the early 2000s<p class="mobile-photo">Pundits on all sides are miss-reading the effect of fiscal & monetary policy. In a Worldwide Crisis the $, as the World Reserve Currency, is the place to be. Strength in Safety:</p><a href="https://blogger.googleusercontent.com/img/a/AVvXsEinLXjRsG5fGPFBPwZxXbx2ZD6AhXP5YARi3vrbb_Igbs38hDZbBkpqjZLl1Hv7Zx9l_QQui7jjEyiriLmPTPNQUGyN0c2iiEAfMs6BxL1iXtjWFhOeboxBjxr2dptHqpbLZIMDR8jZ_j0i7LEw2GIghRG_9g8aYqK1_3Zx4oGgp46uRfy4PveVTmfh"><img alt="" border="0" height="640" id="BLOGGER_PHOTO_ID_7091828342828138386" src="https://blogger.googleusercontent.com/img/a/AVvXsEinLXjRsG5fGPFBPwZxXbx2ZD6AhXP5YARi3vrbb_Igbs38hDZbBkpqjZLl1Hv7Zx9l_QQui7jjEyiriLmPTPNQUGyN0c2iiEAfMs6BxL1iXtjWFhOeboxBjxr2dptHqpbLZIMDR8jZ_j0i7LEw2GIghRG_9g8aYqK1_3Zx4oGgp46uRfy4PveVTmfh=w382-h640" width="382" /></a>Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0tag:blogger.com,1999:blog-8559351899633195078.post-90265966208638643532022-04-22T11:06:00.000-07:002022-04-22T11:21:55.633-07:00The forward 12-month P/E ratio for the S&P 500 is 18.6. This P/E ratio is equal to the 5-year average (18.6) but above the 10-year average (16.8)<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEhtuZdxbjp21DlOCqE8wqd7xe6fB6e0xKoGrOle8TjSpVSc3YLu7d-H1GplMPUAc8N9DF5wnkPuMdtjv7YIx41R0A8i5T9zkJiPI9RMZm1CoYuomu5bUGOnAqU5VCmZkzLUWsC_hKCHttQ1Ee6zlw49YDGACd-VXVPvdLxZtu92We7uTmOaJHJ65zbF"><img alt="" border="0" height="366" id="BLOGGER_PHOTO_ID_7089491329756758818" src="https://blogger.googleusercontent.com/img/a/AVvXsEhtuZdxbjp21DlOCqE8wqd7xe6fB6e0xKoGrOle8TjSpVSc3YLu7d-H1GplMPUAc8N9DF5wnkPuMdtjv7YIx41R0A8i5T9zkJiPI9RMZm1CoYuomu5bUGOnAqU5VCmZkzLUWsC_hKCHttQ1Ee6zlw49YDGACd-VXVPvdLxZtu92We7uTmOaJHJ65zbF=w640-h366" width="640" /></a></p>Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0tag:blogger.com,1999:blog-8559351899633195078.post-961335288748698812022-01-19T08:25:00.003-08:002022-01-19T08:29:24.125-08:00S&P 500 Lofty PEs: Forward P/E 21.1, 5-yr Avg 18.5, 10-yr Avg 16.7<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2TmDOCgM9665Ki6Hk1iHqPj1vqxhx90XWUXnmxcDfedqh0opTM_XleHhYirH-Xqy84QK-khiAQy_B3TOLKnphuxrnjgF4BQ2_2XbH0BZFLvXSTHyDT9XK3oIqwaZE1v82bQD1IDoA_bQ/s1600/IMG_2915-730420.jpg"><img alt="" border="0" height="374" id="BLOGGER_PHOTO_ID_7054952071213532450" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2TmDOCgM9665Ki6Hk1iHqPj1vqxhx90XWUXnmxcDfedqh0opTM_XleHhYirH-Xqy84QK-khiAQy_B3TOLKnphuxrnjgF4BQ2_2XbH0BZFLvXSTHyDT9XK3oIqwaZE1v82bQD1IDoA_bQ/w640-h374/IMG_2915-730420.jpg" width="640" /></a></p><br />Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0tag:blogger.com,1999:blog-8559351899633195078.post-80140921532522018762022-01-11T08:29:00.007-08:002022-01-11T08:34:46.847-08:00McClellan Summation Index for Staples Near Decade High, Bad for S&P 500<div dir="ltr"><span style="-webkit-text-size-adjust: 100%; background-color: white; caret-color: rgb(32, 32, 32); color: #202020; font-family: Helvetica; font-size: 16px;">McClellan Summation Index for Staples is now well above +1000, one of its highest readings in a decade. </span><span style="-webkit-text-size-adjust: 100%; background-color: white; caret-color: rgb(32, 32, 32); color: #202020; font-family: Helvetica; font-size: 16px;">It's not just Staples. Another core defensive sector, Utilities, is also seeing impressive internal momentum. And so is the other one, Health Care. I</span><span style="-webkit-text-size-adjust: 100%; background-color: white; caret-color: rgb(32, 32, 32); color: #202020; font-family: Helvetica; font-size: 16px;">nvestors so hyper-focused on defensive stocks is a bad omen for the broader market </span><span style="background-color: white; caret-color: rgb(32, 32, 32); color: #202020; font-family: Helvetica; font-size: 16px;">(courtesy of sentiment trader):</span></div><div dir="ltr"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbko8C7u30NGxJFn1pnjK_oRybSrw6j7WOO6pom6gbf_a7kKuU2Khza2WCcFvKj8zP8WgsUPF2AngYopLyc5hATNX1nQFvTkfBo5dIkCMM7VwaJ6kEnKC3h_IwxikjLROgUq47GR3p3dg/s1600/IMG_2899-793396.jpg"><img alt="" border="0" height="354" id="BLOGGER_PHOTO_ID_7051984946995913154" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbko8C7u30NGxJFn1pnjK_oRybSrw6j7WOO6pom6gbf_a7kKuU2Khza2WCcFvKj8zP8WgsUPF2AngYopLyc5hATNX1nQFvTkfBo5dIkCMM7VwaJ6kEnKC3h_IwxikjLROgUq47GR3p3dg/w640-h354/IMG_2899-793396.jpg" width="640" /></a></div>Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0tag:blogger.com,1999:blog-8559351899633195078.post-6008411473004167642021-12-03T11:06:00.001-08:002021-12-03T11:07:10.933-08:00Some Optimism In the November 2021 Labor Report<p class="mobile-photo">210,000 jobs were added in November, far short of the half million estimate, however the unemployment rate came down to 4.2%, better yet the labor force participation rate Rose to 61.8%, still far short of the 63.3% rate pre-pandemic:</p><p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEimFxn315qzDjMtkpAwcaYpYptPCFS2kKrEb_A_-9efkXN6LX7v22SCYaoqaSp5cVy913b2Izn2HT3V-tQPMJ35uTpf4jOge_3wlNUoadf76STqTqr_R7_1NoIZfVFL0iZExkrssdAuvxQ/s1600/FRED+Graph++FRED++St.+Louis+Fed-780342.png"><img alt="" border="0" height="316" id="BLOGGER_PHOTO_ID_7037552939799680306" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEimFxn315qzDjMtkpAwcaYpYptPCFS2kKrEb_A_-9efkXN6LX7v22SCYaoqaSp5cVy913b2Izn2HT3V-tQPMJ35uTpf4jOge_3wlNUoadf76STqTqr_R7_1NoIZfVFL0iZExkrssdAuvxQ/w640-h316/FRED+Graph++FRED++St.+Louis+Fed-780342.png" width="640" /></a></p>Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0tag:blogger.com,1999:blog-8559351899633195078.post-24237429062399658862021-09-15T10:22:00.001-07:002021-09-15T10:24:28.438-07:00The Bullish Technical Signals Continue for Taiwan Semiconductor $TSM<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjp3iiZpbt2plBNEhrrc-JGSrhN7guC9WiE-Bli28LHFBFkXIDlsTreoaKPsJowmEjFS18Oi1Rf73CPYV6G7NeO5b3-GToWReE0DgcA_s3z2EIUYiqE5SUqgQOgchfBtGC1iPUiOqbnt20/s1600/image0-798049.jpeg"><span style="font-size: x-large;"><img alt="" border="0" height="492" id="BLOGGER_PHOTO_ID_7008210656676652850" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjp3iiZpbt2plBNEhrrc-JGSrhN7guC9WiE-Bli28LHFBFkXIDlsTreoaKPsJowmEjFS18Oi1Rf73CPYV6G7NeO5b3-GToWReE0DgcA_s3z2EIUYiqE5SUqgQOgchfBtGC1iPUiOqbnt20/w640-h492/image0-798049.jpeg" width="640" /></span></a></p>After the reverse Head & Shoulders pattern, I see a Cup & Handle pattern emerging, which should lead the stock higher. Longer-term, still major China/Taiwan take-over concerns.Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0tag:blogger.com,1999:blog-8559351899633195078.post-36299219463141143412021-09-03T12:38:00.001-07:002021-09-15T10:18:59.715-07:00Bullish Technical Signals for Taiwan Semiconductor $TSM<p class="mobile-photo"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6R79nhDWIgak3Lp3Rv1Wg0upOj9Ax67nlo84rt6gFK8YuUA5SYUolCO4EgK0XFoaEVT69zfqq2KP1YgcYdRKAf-UEORfEHD1wB6BmYeMNXJpACrTHRktszCGhjp0WVxAH1vKNiVvD-XI/s1600/image0-789740.jpeg"><img alt="" border="0" height="484" id="BLOGGER_PHOTO_ID_7003794109147842578" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6R79nhDWIgak3Lp3Rv1Wg0upOj9Ax67nlo84rt6gFK8YuUA5SYUolCO4EgK0XFoaEVT69zfqq2KP1YgcYdRKAf-UEORfEHD1wB6BmYeMNXJpACrTHRktszCGhjp0WVxAH1vKNiVvD-XI/w640-h484/image0-789740.jpeg" width="640" /></a></p>I see a reverse Head & Shoulders pattern which should lead the stock higher. RSI & MACD are also extremely strong. Analyst upgrades are offsetting China/Taiwan take over concerns.Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0tag:blogger.com,1999:blog-8559351899633195078.post-28741914370240331092021-05-01T16:19:00.001-07:002021-06-10T14:38:37.815-07:00Total US Debt Now Stands at 3.6X GDPTotal US debt is now a staggering 3.6X that of Gross Domestic Product. This is a crazy high number that can only end badly. The consumer has been lightening its load, but Corporate debt and Government debt are out of control. Socialism ruins!<div><br /><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilzeDF1EmGi5Iejr30VWxt7bBb2UfB3n4pFWXN1qb6S2VouTAytOGL0kCADZtovkWSNaTfR6e6ND8X1UyGuKCrfn5Xo87no0njozHm9ybdOvy_ueoDoP4wSb6UMD1gZF4iBAe0BLPOySI/s1600/IMG_2741-772802.jpg" style="margin-left: auto; margin-right: auto;"><img alt="" border="0" height="256" id="BLOGGER_PHOTO_ID_6957464223244198130" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilzeDF1EmGi5Iejr30VWxt7bBb2UfB3n4pFWXN1qb6S2VouTAytOGL0kCADZtovkWSNaTfR6e6ND8X1UyGuKCrfn5Xo87no0njozHm9ybdOvy_ueoDoP4wSb6UMD1gZF4iBAe0BLPOySI/w640-h256/IMG_2741-772802.jpg" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"></td></tr></tbody></table><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKHUSeFSMRE190RdnXkJtXmqMM_ZE85qQp4-wcM2YIJ7bifq_AtQjKEeiIkzYSjx7STQR2ygKt-xhw9DoLriZAewEy1qDONG9XNJjJxrRUttbmhBJdx0opmfRhnjnalEFLRBb-e__GLYE/s1600/IMG_2742-774271.jpg" style="margin-left: auto; margin-right: auto;"><img alt="" border="0" height="306" id="BLOGGER_PHOTO_ID_6957464227897735170" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKHUSeFSMRE190RdnXkJtXmqMM_ZE85qQp4-wcM2YIJ7bifq_AtQjKEeiIkzYSjx7STQR2ygKt-xhw9DoLriZAewEy1qDONG9XNJjJxrRUttbmhBJdx0opmfRhnjnalEFLRBb-e__GLYE/w640-h306/IMG_2742-774271.jpg" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><br /></td></tr></tbody></table></div>Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0tag:blogger.com,1999:blog-8559351899633195078.post-3994729215067313682019-05-08T10:52:00.000-07:002019-05-08T10:56:26.486-07:00Slack In Employment May Help Keep Inflation In Check<div dir="ltr">
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<span style="font-size: 12pt;">US Labor Force Participation Rate by State strongest in the Northern-Mid-West. Total Unemployment at 7.3% in April suggests that Part-Time & Marginally Attached Employees still have room for improvement, potentially keeping Inflation at bay:</span></div>
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrIbP8aULeHxBcDG8cQ7QQBztYr6BZCXse948vtHuLZTvHSEOjg8KJSzMp_wppZ_mCwZyCgYT2A0zFVVSaareqi_aguqp4FRX0AUSXZHNoy6ZUa3jt8s5kbp4kJOLc2ZBleEQT4ATE044/s1600/IMG_2208-780994.JPG"><img alt="" border="0" height="362" id="BLOGGER_PHOTO_ID_6688715701234672130" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrIbP8aULeHxBcDG8cQ7QQBztYr6BZCXse948vtHuLZTvHSEOjg8KJSzMp_wppZ_mCwZyCgYT2A0zFVVSaareqi_aguqp4FRX0AUSXZHNoy6ZUa3jt8s5kbp4kJOLc2ZBleEQT4ATE044/s640/IMG_2208-780994.JPG" width="640" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgW5yRzHGlPlY99XtnU4HYh3_7LhbKKCzVYF9aDj9-iB4zKWOnUY-Nnl7ix0LryV78xN5GFjrjzYfkYBvEBDgTorPCtw9NPKO7i0mxReGfg5xACPxf5uEAQNyvPJnV83VReDxua5Vir17c/s1600/IMG_2211-783882.JPG"><img alt="" border="0" height="316" id="BLOGGER_PHOTO_ID_6688715712012079378" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgW5yRzHGlPlY99XtnU4HYh3_7LhbKKCzVYF9aDj9-iB4zKWOnUY-Nnl7ix0LryV78xN5GFjrjzYfkYBvEBDgTorPCtw9NPKO7i0mxReGfg5xACPxf5uEAQNyvPJnV83VReDxua5Vir17c/s640/IMG_2211-783882.JPG" width="640" /></a></div>
Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0tag:blogger.com,1999:blog-8559351899633195078.post-83429572329636154632019-02-21T13:04:00.001-08:002019-02-21T14:32:29.857-08:00Apple 6.6 Year Daily Technical Chart<span style="font-family: Arial;"><span style="font-family: Times, Times New Roman, serif;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="" style="background-color: white; color: rgb(51 , 51 , 51); line-height: 20px;"><span class=""><span class="">Technical Indicators Bottomed and Bounce Back On Extreme Price Decline to $142 and Partial Rebound to $172. The 50 Day vs. 200 Day Went Death-Cross in Dec-2018 (see stars) At $191/Share. Post</span></span></span><span class="" style="background-color: white; color: rgb(51 , 51 , 51);"> iPhone Xs, XsMax, Xr Launches, and Q1 Earnings; Price Has Roller-Coastered, But Is Well Off </span><span class="" style="background-color: white; color: rgb(51 , 51 , 51); line-height: 20px;"><span class=""><span class=""><span class=""><span class="" style="font-size: 15px;">The </span></span></span></span></span></span><span class="" style="background-color: white; font-family: arial; line-height: 20px;"><span class=""><span class=""><span class=""><span class=""><span class="" style="color: #333333; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif;"><span class="" style="caret-color: rgb(51, 51, 51); font-size: 15px;">Oct-2018 Peak Price ($233/Share). Price Is Off $61 (26%). Still Waiting For The Elusive Super Cycle (maybe 5G). iPhone Revenues Were -15% Y/Y In The Holiday FY Q1, While Services Growth Was +27% (wo/adjustments) and Profits Were Flat At $20B. Amazingly, After All The Hubbub, </span><span class="" style="font-size: 15px;">iPhones Actually Grew Marketshare 0.4% in China's CY 2018 Smartphones Market, According to Strategy Analytics. I Think Tim Cook Is Right; Xs/Max Launch In CY Q3 2018 vs. X Launch In CY Q4 2017, Was A Hugh Factor In The Big CY Q4 iPhone Hole, -2.9M iPhones. I See Strong Fundamentals, </span></span><span class="" style="color: rgb(51 , 51 , 51); font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 15px;">With A Boat-Load of Cash Going Towards Buy-Backs</span></span></span></span></span></span></span></span><span class="" style="background-color: white; color: rgb(51 , 51 , 51); font-family: "arial"; line-height: 20px;"><span class=""><span class=""><span class=""><span class="" style="font-size: 15px;">. Weak-Spots: The Smartphone S-Cycle Has Peaked and Chinese Low-Cost OEMs are Here</span></span><span class="" style="color: rgb(41 , 47 , 51); font-family: "helvetica neue" , "helvetica" , "arial" , sans-serif;"><span class="" style="white-space: pre-wrap;">. </span></span></span></span></span><span class="" style="background-color: white; color: rgb(51 , 51 , 51); font-family: "arial"; line-height: 20px;"><span class="" style="color: rgb(41 , 47 , 51); font-family: "helvetica neue" , "helvetica" , "arial" , sans-serif;"><span class="" style="line-height: 18px; white-space: pre-wrap;">One-Year </span></span></span><span class="" style="background-color: white; color: rgb(41 , 47 , 51); font-family: "arial"; line-height: 18px; white-space: pre-wrap;">Consensus Analysts Estimate Has Collapsed To $178.49, From $231.32 On Nov-30-18, But Downgrades May Be Over:</span><br />
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<br class="" />Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0tag:blogger.com,1999:blog-8559351899633195078.post-89830733591136666202018-11-30T15:08:00.001-08:002018-12-01T15:44:56.489-08:00Apple 6.5 Year Daily Technical Chart<span class="" style="background-color: white; color: rgb(51 , 51 , 51); font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 15px; line-height: 20px;"><span class=""><span class="">Technical Indicators May Have Bottomed On Current Price Decline. The 50 Day vs. 200 Day Went Golden-Cross in Sept-2016 (see stars) at $100/Share, But Maybe Heading to Death-Cross If Current Price Is Not A Floor. Post</span></span></span><span class="" style="background-color: rgb(255 , 255 , 255); color: rgb(51 , 51 , 51); font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 15px;"> iPhone Xs, XMax, & Xr Launches, Price is Same As 1 Year Ago when iPhone X Launched</span><span class="" style="background-color: white; color: rgb(51 , 51 , 51); font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 14.850000381469727px; line-height: 20px;"><span class=""><span class=""><span class=""><span class="" style="font-size: 15px;">. Since The </span></span></span></span></span><span class="" style="background-color: white; color: rgb(51 , 51 , 51); font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 14.850000381469727px; line-height: 20px;"><span class=""><span class=""><span class=""><span class="" style="font-size: 15px;">Oct-2018 Peak Price ($233/Share), Price Has Free Fell $55 (24%). Still Waiting For The Elusive Super Cycle, But iPhone ASPs (+28% Y/Y In FY Q4), and Services Growth Are Providing For Strong Fundamentals</span></span></span></span></span><span class="" style="background-color: white; color: rgb(51 , 51 , 51); font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 14.850000381469727px; line-height: 20px;"><span class=""><span class=""><span class=""><span class="" style="font-size: 15px;">. Weak-Spots: The High-End Smartphone S-Cycle Has Peaked and Chinese Low-Cost OEMs are Here</span></span><span class="" style="color: rgb(41 , 47 , 51); font-family: "helvetica neue" , "helvetica" , "arial" , sans-serif;"><span class="" style="font-size: 14px; white-space: pre-wrap;">. The </span></span></span></span></span><span class="" style="background-color: white; color: rgb(51 , 51 , 51); font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 15px; line-height: 20px;">Fundamental Story Is Positive With A Boat-Load of Cash Going Towards Buy-Backs.</span><span class="" style="background-color: white; color: rgb(51 , 51 , 51); font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 15px; line-height: 20px;"><span class="" style="color: rgb(41 , 47 , 51); font-family: "helvetica neue" , "helvetica" , "arial" , sans-serif;"><span class="" style="font-size: 14px; line-height: 18px; white-space: pre-wrap;"> One-Year </span></span></span><span class="" style="background-color: white; color: rgb(41 , 47 , 51); font-family: "helvetica neue" , "helvetica" , "arial" , sans-serif; font-size: 14px; line-height: 18px; white-space: pre-wrap;">Consensus Analysts Estimate Has Climbed To $231.32, from $200.06 0n Jun-29-18, But Downgrades May Not Be Over:</span><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvKV7uyqgEwnamQ6gjQHHvoi65uAY9l85GdwYtRzzhFnNj5SrMTRhInsmKB6es18aR3UHxnyEpda1Am2SiBDsW0gEr0dsuJrdOmtfA6lJs0lq8CC-2ny_q6tOoe9JLRMHWcL3GpXukVhI/s1600/AAPL+6.5+Yr+11-30-18-721379.png"><img alt="" border="0" height="482" id="BLOGGER_PHOTO_ID_6629794503652398594" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvKV7uyqgEwnamQ6gjQHHvoi65uAY9l85GdwYtRzzhFnNj5SrMTRhInsmKB6es18aR3UHxnyEpda1Am2SiBDsW0gEr0dsuJrdOmtfA6lJs0lq8CC-2ny_q6tOoe9JLRMHWcL3GpXukVhI/s640/AAPL+6.5+Yr+11-30-18-721379.png" width="640" /></a><br />
<br class="" />Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0tag:blogger.com,1999:blog-8559351899633195078.post-73624269029570399392018-06-29T15:56:00.002-07:002021-12-03T11:05:16.615-08:00Apple 5.5 Year Daily Technical Chart<span class="" style="background-color: white; color: rgb(51 , 51 , 51); font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 15px; line-height: 20px;"><span class=""><span class="">Technical Indicators Look Great for a Continuation of The Current Break-out. The 50 Day vs. 200 Day Death-Cross in Aug-2015 Turned to a Golden-Cross Early in Sept-2016 (see stars) at $100/Share. Post</span></span></span><span class="" style="background-color: rgb(255 , 255 , 255); color: rgb(51 , 51 , 51); font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 15px;"> iPhone 7, 8, & 10 Launches, Price is in a Nearly 1.5 Year Break-Out Above $128, After a 2 Year Consolidation Period</span><span class="" style="background-color: white; color: rgb(51 , 51 , 51); font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 14.850000381469727px; line-height: 20px;"><span class=""><span class=""><span class=""><span class="" style="font-size: 15px;">. Since The </span></span></span></span></span><span class="" style="background-color: white; color: rgb(51 , 51 , 51); font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 15px;">Jul-2016 </span><span class="" style="background-color: white; color: rgb(51 , 51 , 51); font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 14.850000381469727px; line-height: 20px;"><span class=""><span class=""><span class=""><span class="" style="font-size: 15px;">Bounce Off The Oct-2012 Peak Price ($90/Share) At The iPhone 5 Launch, Price Has Rocketed, More Than Doubling. The 10-Year Anniversary iPhone Was Not a Super Cycle, But The Trump Rally, iPhone ASP Strength, and Services Growth, Provided Strong Fundamentals</span></span></span></span></span><span class="" style="background-color: white; color: rgb(51 , 51 , 51); font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 14.850000381469727px; line-height: 20px;"><span class=""><span class=""><span class=""><span class="" style="font-size: 15px;">. Weak-Spots: The High-End Smartphone S-Cycle Has Peaked and Chinese Low-Cost OEMs are Here</span></span><span class="" style="color: rgb(41 , 47 , 51); font-family: "helvetica neue" , "helvetica" , "arial" , sans-serif;"><span class="" style="font-size: 14px; white-space: pre-wrap;">. The </span></span></span></span></span><span class="" style="background-color: white; color: rgb(51 , 51 , 51); font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 15px; line-height: 20px;">Fundamental Story Is Positive With A Boat-Load of Cash Going Towards Buy-Backs.</span><span class="" style="background-color: white; color: rgb(51 , 51 , 51); font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 15px; line-height: 20px;"><span class="" style="color: rgb(41 , 47 , 51); font-family: "helvetica neue" , "helvetica" , "arial" , sans-serif;"><span class="" style="font-size: 14px; line-height: 18px; white-space: pre-wrap;"> One-Year </span></span></span><span class="" style="background-color: white; color: rgb(41 , 47 , 51); font-family: "helvetica neue" , "helvetica" , "arial" , sans-serif; font-size: 14px; line-height: 18px; white-space: pre-wrap;">Consensus Analysts Estimate Has Climbed To $200.06, from $171 Sep-01-17:</span><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUi_EtDF8lBjbbfcJxLGLtyhmQ3o2AbvV97C5m9YwK4D47KYWuauEn-yFhAr_bJD0AwEgXjwxmqtLO3fBmmOmQWPp_xoKaRqqZkMVJdcU-X9RQt_yuuKsgmmLuux2-vgYWft3a9liWaFU/s1600/AAPL+5.5+Yr+06-29-18-798276.png"><img alt="" border="0" height="482" id="BLOGGER_PHOTO_ID_6572644281190658386" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUi_EtDF8lBjbbfcJxLGLtyhmQ3o2AbvV97C5m9YwK4D47KYWuauEn-yFhAr_bJD0AwEgXjwxmqtLO3fBmmOmQWPp_xoKaRqqZkMVJdcU-X9RQt_yuuKsgmmLuux2-vgYWft3a9liWaFU/s640/AAPL+5.5+Yr+06-29-18-798276.png" width="640" /></a>Barmston Capitalhttp://www.blogger.com/profile/16471598148039747695noreply@blogger.com0