Posts From Willie Delwiche

Willie Delwiche
William Delwiche is a Director and Investment Strategist for R.W. Baird & Co. Before joining Baird in 1999, he worked as a researcher at the Committee for Economic Development, a Washington, D.C., pro-business think tank. Since 2004, Willie has also been the co-manager of Baird's ETF-based ALIGN Tactical Portfolios.Willie received a BA in Economics and in Government and Politics from the University of Maryland, and an MA in Economics from the University of Wisconsin-Milwaukee. He is a member of the Market Technicians Association and past member of the American Economics Association. Willie is both a Chartered Market Technician and a CFA Charter holder.Commentary from Willie on the economy and stock markets has been featured on other national, regional and trade media such as BARRON’S and Bloomberg BusinessWeek. He has appeared on Fox Business, the Nightly Business Report, and the MoneyLife show. Willie also regularly shares his perspectives via Twitter and other social media outlets.
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Stock Market Valuations Remain Elevated Into 1Q 2016

Key Takeaway: Our preferred measures of valuation, which rely on trailing reported earnings, continue to suggest stocks are expensive. Stock market valuations (i.e. measures) based on forward earnings are dependent upon dubious earnings forecasts. In the words of John Maynard Keynes, the stock market can stay irrational longer than you…

Market Update: Recession Fears Recede As Stocks Rally

The U.S. stock market appears poised to move higher this week on the back of strong performances by Japan and Europe over the three-day weekend. Foreign stock markets experienced the best two-day gains in nearly six months following friendly policy statements from central bankers. A measure of confidence was provided late…

Weekly Stock Market Outlook: Investor Pessimism Lingers

Here’s a look at some key stock market indicators, charts, and themes that we are watching. This Week’s Stock Market Outlook: Sentiment Conundrum Puzzling – Investor pessimism has reached levels that have typically supported at least a near-term turn higher in stocks. Instead, the popular averages are testing the lows…

Stock Market Update: The Selling Continues

The S&P 500 has undercut its January 20 closing low of 1859 and is moving toward the January 20 intraday low of 1812. Concerns continue to center on the banking system’s vulnerability to faulty energy loans and other at-risk debt. And this is weighing on the broad stock market index….

Stock Market Update: Defensive Sectors Gain In Relative Strength

The stock market indices renewed their downtrend last week with most of the damage occurring in NASDAQ and small-cap issues. And defensive sectors continued to outperform. LinkedIn Corporation (LNKD) fell 44% after a disappointing earnings report. Other tech stocks followed suit after job growth in January was reported weaker than expected….

Weekly Stock Market Outlook: Too Early For Strong Conclusions

Here’s a look at some key stock market indicators, charts, and themes that we are watching. This Week’s Stock Market Outlook: Noise Remains Undiminished – Intra-day swings in stock prices continue to be seen at an almost dizzying rate, but for all the noise there is little evidence of resolution….

Downside Momentum Broken But Stocks Have Work To Do

The equity markets rose for the second week in a row last week with most of the gains occurring last Friday following the Bank of Japan’s (BOJ) decision to take interest rates negative. A 10% rally in crude oil prices also played a significant role in supporting stocks move off…

Stock Market Outlook: Is An Asset Allocation Shift Underway?

Here’s a look at some key stock market indicators, charts, and themes that we are watching. This Week’s Stock Market Outlook: Indexes Churning – After an initial bounce off of last week’s lows, stocks have swung between gains and losses at sometimes dizzying rates. The day-to-day changes seen over the…

Weekly Stock Market Outlook: Pessimism Fuels Relief Rally

Here’s a look at some key stock market charts, indicators, and themes that we are watching. This Week’s Stock Market Outlook: Going Back Years to Find Support – Weakness in equities has investors zooming out on their charts. On the S&P 500, 2014 levels are now in play, while on…