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...Email: stuart.kirk@ft.com; Twitter: @stuartkirk__...
...Email: stuart.kirk@ft.com; Twitter: @stuartkirk__ This article has been republished to correct a figure in Stuart Kirk’s asset table...
...Or that the S&P 500 has just racked up five days on the trot of all-time highs, despite the fact if you turn over the business cards of almost half of its chief executives they read “Chair” on the other...
...This means that the S&P 500 relies to an even greater extent on hope rather than fundamentals....
...Economic data: S&P Global publishes US services purchasing managers’ indices and we also get November jobless claims from private sector payroll services provider ADP....
...Jeffrey Roach, chief economist for LPL Financial, described Powell as “inching toward the dovish camp.”...
...If that dollar had been invested in the S&P 500, the main US index, its value would have multiplied more than 12 times over that period....
...Email: stuart.kirk@ft.com; X: @stuartkirk__...
...Stuart Kirk. . . or rising....
...In contrast, the S&P 500’s price-to-book ratio is close to the record 5 times it touched in 2021 and 2000 (the Nasdaq’s P/B ratio is close to 7.5 times)....
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