Hints and tips:
...The S&P, as you say, is down 10 per cent from its peak in July. And yeah, valuations are a decent part of that right?...
...Robert ArmstrongI’ve got the obvious one, the S&P 7 versus the S&P 493. That is the Magnificent Seven versus the rest of the field....
...S&P 500. UBS isn’t even in the S&P 500. That was as wrong an answer as it is possible for a person . . . Katie MartinIt’s also not in the same category. And what are you talking about, Wu?...
...Special thanks to Laura Clarke, Alastair Mackie, Jacob Weisberg and Jess Truglia. FT Premium subscribers can get the Unhedged newsletter for free. A 30-day free trial is available to everyone else....
...They’re not gonna be, you know, the big, blue-chip S&P 500 companies, right?...
...So the S&P 500, as I remember, was at something like 18, which is kind of historically normal. Now it’s at something like 22 times earnings. At 22, you’re thoroughly on the expensive side....
...But, you know, one that we looked at in the Unhedged newsletter was rolling two-year returns between the S&P 500 and long-dated Treasuries. So that’s a very slow measure of correlation....
...I think 2024 could be the year in which the S&P 493 outperforms the Magnificent Seven....
...You do the S&P 500 questions. Alexandra Scaggs The S&P is a multinational index. Robin Wigglesworth Yes. Alexandra ScaggsI take no responsibility for whether this is right or not. OK, so 497....
...So we’re up 18 per cent year to date on the S&P. Who would ever have thought it? Not I, for a start. Ethan WuIt’s a good year. Really solid. Katie MartinReally solid. Can’t knock it....
...And to Jacob Weisberg and Gretta Cohn at Pushkin. Our theme is by Stellwagen Symphonette. I’m Ethan Wu. Thanks for listening....
...“The spice from the tabasco and pepper gets the blood flowing,” says Kelvin McCabe, sommelier and co-owner of Hackney Coterie. But “ultimately, it’s the alcohol content that tides you over”....
...The p-value indicates a 5 per cent chance that the trial will mistakenly reject a hypothesis that the drug does not work....
...Futures tip the FTSE 100 to open flat in London and the S&P 500 to drop 0.2 per cent when trading begins in New York....
...On Wall Street the S&P 500 dipped 0.2 per cent, but Brent crude oil prices extended a rally above $50 a barrel....
Co-operation on some matters may make more sense than obstruction, writes Jacob Weisberg
...So enjoy the trip, says Jacob Weisberg....
...Steve McCabe, the Labour backbencher, has written to John Lyon, the Commissioner for Standards....
...(Financial Times) - Jacob Weisberg: How Amazon relented on US state sales tax. (Financial Times) - Elysée Palace reconfigures wine cellar, plans to give proceeds to state coffers....
...The culture secretary is planning to add the events – run by DDB UK, the Groucho Club and M&C Saatchi, and worth a total of £7,472.31 – to his register of interests, the Daily Mail reported his aides as...
...Columnist Jacob Weisberg argued that Ryan was a “principled, conservative ideas man” compared with Romney’s “substantive vacuity”....
We have learned compromise is dead, writes Jacob Weisberg
...That compares to the S&P 500′s rise of almost nine per cent....
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