Hints and tips:
Related Special Reports
...TCI made $12.9bn for investors and ended last year up 33 per cent, ahead of the S&P 500 index’s 24 per cent rise....
...Thus only a fraction of overall AUM is deployed in strategies that have a direct impact on the VIX® index (e.g. 1-month over/underwriting strategies on the S&P 500 index)....
...This is the point of Robert Shiller’s “excess Cape yield” which is the cyclically adjusted S&P earnings yield less the 10-year real treasury yield....
...The leading seven tech stocks traded on a 24-month forward P/E of 52x in 2000, more than double the Mag7’s 25x....
...Looking at a 20-year chart of the price/earnings valuations of the S&P 500 and its small cap sibling the S&P 600, it seems possible that this is what has happened to small stocks: Small caps (dark blue...
...The S&P 489 has a weighted average P/E of 24, cheaper than the whole index, but not by much....
...On a forward P/E basis, the S&P 500’s 2021 (harmonic) average was 23, versus an average of 22 in the past four months and 18 in the past three decades....
...In the median experience since 1984, the S&P 500 forward P/E has declined by 2% in the 12 months preceding Election Day....
...They all trade at very high P/E multiples and have quite moderate expected growth; they have high PEG ratios. Real safety will cost you as much or more than growth in this market....
...Three weeks ago we argued in some detail against the “Wile E Coyote” view that the economy was suspended mid-air over a chasm....
...This was abundantly apparent in March 2020 and 2022’s LDImageddon, even if has never been formally articulated....
...Since Lula’s return it has been replaced with a looser set of rules that, while imposing certain limits, requires expenditure to increase in real terms....
...Payments company Visa, for example, had received a two for “E” and “S” and a three for “G”....
...Earnings: E-commerce group PDD, phone maker Xiaomi and insurance company Ping An report earnings....
...What is the trailing P/E ratio of the top-10 stocks in the S&P 500 today? They are more overvalued than the top-10 were in the tech bubble....
...Mainly because the principality lacks the hotel beds and infrastructure to become a sun-sea-and-sangria pleasure zone in the manner of the Costas....
...[W]e find little systematic evidence for the two most famous market seasonals, and particularly for the alleged ‘sell in May’ pattern of broad-based USD strength....
...Prospective wildfire payouts prompted S&P Global and Moody’s to downgrade PacifiCorp’s debt ratings last year....
...people are, you know, on a market capitalisation basis through that index, 28 per cent exposed to these companies, which, by the way, are trading at a price/earnings ratio of like, you know, forward earn p/e...
...His year-end target for the S&P 500 is 4,200 points — about 5 per cent below its current AI-stirred level — because of aggro from the Federal Reserve and Vladimir Putin....
...Here is how we respond to points (a) through (e): Excess savings will soon be exhausted....
...Most urgently, agitatedly depicted is Stella West (“Head of E.O.W”), who modelled for Auerbach three nights a week in her Earl’s Court basement....
...Real income: UK inflation climbs to 30-year high of 5.5% Economic growth: UK price rises outpace wage growth despite labour shortages Merit goods: NHS waiting lists will grow for 2 more years, health service...
...The rooms are airy, modern and pretty, with light wood-wainscoted walls and huge windows (that open onto gardens; what a joy in a dense city). panpacific.com, from S$420 (about £250) Keeping it real in...
...But there is evidence that Republicans will shift their attacks from environmental “E” concerns to the “S” part of the acronym....
International Edition