Our Views

Value Stocks are the Cheapest Versus Growth in 15 years

Posted by CM Advisors on Mar 14, 2019 12:43:02 PM

Fans of cheaper equities that pay higher dividends can rejoice. Based on their forward price-to-book ratios, value shares globally are trading in the lowest price-to-book ratio zone relative to growth stocks since at least 2004, according to data compiled by Bloomberg.  Price-to-Book (P/B) Ratio reflects the value that market participants attach to a company’s equity relative to its book value of equity, and is calculated by dividing market price per share by book value per share. 

 

 

Read More
0 Click here to read/write comments

Topics: Home Feature, Charts

The Spread Between High Yield Bonds and 10-Year U.S. Treasury Bonds

Posted by CM Advisors on Aug 2, 2018 1:56:38 PM

High Yield Bond and 10 year U.S. Treasury Bonds SpreadDespite all of the news about tariffs and trade, the spread between high yield junk bonds and 10-year Treasuries is currently within 10% to 20% of the narrowest spreads that have occurred over the past 10 years, and more than 35% below the 30-year average spread. In other words, the bond market is suggesting the U.S.economy is in good shape and growth is not a concern at this time. 

Read More
0 Click here to read/write comments

Topics: Charts

Fiscal Breakeven Pressure on OPEC

Posted by CM Advisors on May 23, 2017 2:52:32 PM

OPEC producers continue to be squeezed by their fiscal breakeven levels, which on average is between $90 and $100 per barrel of Brent Crude. In other words, this is not their breakeven price to produce a barrel of oil. Rather, this is the price per barrel of Brent Crude, in U.S. dollars, these countries need in order to balance their budgets, most of which include large social programs which are very difficult to reduce or cut. 

Read More
0 Click here to read/write comments

Topics: Charts