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...Companies also complain about a growing tax burden, cumbersome permitting procedures and a public administration that is still stuck in the analogue age....
...Meanwhile, the minimum award for injured feelings has just gone up to £1,200 — not a bad return for what are, in some cases, minor slights that might once have been brushed off....
...The dollar rose 0.1 per cent against a basket of six peers. The benchmark S&P 500 made minor gains, with utilities the best-performing sector. The tech-heavy Nasdaq Composite gained 0.1 per cent....
...The yield on the 10-year note touched 4.46 per cent, before easing to 4.42 per cent for a 0.04 percentage point increase. US stocks switched between minor gains and losses....
...But otherwise, give me a V-sweet C-suite job any time. As if anyone would....
...The forward P/E of the Mag 7 is 31. The rest of the S&P 500, excluding the Mag 7 and four stocks with negative expected earnings, has a forward P/E of 19....
...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 a classic “dull but v v v v important” issue that rarely gets the attention it should, because a lot of people understandably lose the will to live as soon as you start talking about financial plumbing...
...In the European tech sector, you can attribute the high P/E to heavy weighting of expensive ASML and SAP, which together make up half the sub-index....
...Wall Street’s benchmark S&P 500 swung between minor gains and losses, with utilities its best-performing sector. The tech-heavy Nasdaq Composite rose 0.4 per cent....
...The S&P 489 has a weighted average P/E of 24, cheaper than the whole index, but not by much....
...Japanese stocks traded on a P/E of 67x in 1990. The Nifty 50 traded on a P/E of 34x in 1973....
...The index switched between minor gains and losses, up 0.06 per cent at pixel time to 4,998 points....
...In contrast, Global equities are on a 16.8x P/E (90th percentile vs. their own history), and [ . . . ] most countries trade well above their historical averages....
...Rolls-Royce Phantom or Morris Minor Convertible, helicopter or Piaggio?...
...The equity market may be sending a signal that the worst has passed for natural gas. There could be more to come for investors in E&Ps too. alan.livsey@ft.com...
...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....
...High multiples on which they trade have pushed the broader S&P 500 Shiller price-to-earnings ratio, aka the cyclically adjusted p/e ratio (CAPE), up from less than 30 times in late 2022 to 34 times....
...We est. the value of the Services LOB (est. 1/4 of core revenues) at about 4/5 of Citi’s market cap ($75B vs $99B as of Dec. 29, 2023) assuming a P/E of 12-13x on 2024E earnings of $6B....
...That could be what is happening in the p/e chart above. That would not necessarily signal the death of the size factor. One good read Sport gambling is proliferating in the US....
...30x P/E multiple is sustainable given rest of the index trades at 18x,” write Goldman’s David Kostin and team....
...Below is a selection of seven of the very largest: As you see in line four, the 2028 p/e ratios are not that different: 16 vs 18....
...In our view, this probably explains their strong re-rating (forward P/E of 27.2x), and why they are trading at a 110% premium to the STOXX 600 (13.0x)” wrote....
...Sare’e identified the downed aircraft as an MQ9, a type of unmanned aircraft known as a Reaper drone....
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