Thursday, November 10, 2016

Commercial Bankruptcies October 2016


Total Commercial Bankruptcies Year to Date - October
2016 2015 2014 2013 2012 2011 2010
31,867 24,935 29,820 38,128 49,709 63,450 77,883

First the high PE stocks stop outperforming when rates go up.  But financials outperform.  Then bankruptcies rise as debt becomes more burdensome.  Then earnings are affected and stock indexes decline. At least that is one theory.

Facebook    -12.5%  from 10/24/16
Amazon      -12.1%  from 10/05/16
Netflix        -12.1%  from 10/21/16
Google       -  6.2%   from 10/24/16
Tesla           -21.1%  from 07/29/16
Twitter        -26.1%  from 10/05/16
Go Pro        -40.5%  from 09/23/16

XLF            +13.6% from 09/29/16

No comments:

Post a Comment