Hints and tips:
...Here is Palfrey’s list of the most economically sensitive S&P 500 components: Not all of these exactly qualify as value stocks....
...Is it really full-steam QT for ever?...
...But what’s most entertaining is that the government goes ahead and shows the professor’s ongoing work calculating Alameda’s historical balances with FTX — basically the firm’s net P&L — from last year:...
...The SPDR Banks Select Industry ETF is trading around 8 times next year’s earnings forecasts, while the S&P 500 is trading at 18 times....
...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....
...The Granolas’ share of the Stoxx Europe 600 index has climbed to 25 per cent, approaching the Magnificent Seven’s 28 per cent weighting in the S&P 500....
...update and revised outlook for 2024, ConocoPhillips Q4, Compass Group Q1 trading update and AGM, Crédit Agricole FY, Honda Q3, Kering FY, L’Oreal FY, Mediobanca HY, Nissan Q3, Philip Morris International...
...If this number were below $5bn Lyft would have a 6 per cent margin, ceteris paribus, though ceteris paribus really isn’t how P&L statements work....
...and inverse leverage; and (3) must be transacted towards the end of the trading day....
...As Bolgona puts it: From a high level, relative to electing to account for loans at amortised cost, electing the fair value option provides a P&L tailwind during periods of loan growth due to recognising...
...So I think I’m a great S&P 500 tracker fund guy....
...You would not stay there very long unless you boosted the P&L....
...Shares in Sunnova, a rooftop solar installer, have sunk 54 per cent year to date and are trading at lows not seen since the early days of the Covid-19 pandemic in 2020....
...While that is below L’Oréal’s multiple of 35 times, it still represents a sharp recovery from three years ago, when the stock was trading on just 5 times....
...For example, the SSGA SPDR MSCI World UCITS ETF tracks the MSCI World index for an ongoing charge of 0.12 per cent, while the Xtrackers S&P 500 UCITS ETF tracks the S&P 500 index of US stocks for 0.06 per...
...Monday France, Germany, Italy, Japan, UK, US: S&P Global/Cips/HCOB manufacturing and services purchasing managers’ index (PMI) data Germany: monthly retail sales figures Results: Cranswick Q1 trading...
...On one hand they have a balance sheet and a P&L like anyone else, and right now they’re not looking great....
...Over the past 10 years, the 1.5 per cent the FTSE 100 has returned annually on average has been dwarfed by the 9.7 per return an investor in the S&P 500 has enjoyed....
...For those who want to read more on the S&L meltdown, the FDIC has a good list of resources....
...Put another way, more than half of all S&P 500 constituents are each worth less than the volume of SPY trading on a typical day....
...CSG is trading at P/TBV of 0.2x 2024E, UBS is trading at 7.6x P/E and Julius BAER at 9.6x PE 2024E on our forecasts....
...“Leaders in public and private sectors are essentially trading off efficiency and lower costs for resilience and national security,” he wrote....
...For example, a US$100 billion change in the Fed’s balance sheet was associated with a 0.55% gain in the S&P 500, and explained just 2% of equity market variance....
...The surging volumes — now accounting for more than two-fifths of daily trading in S&P 500 index options — have captured the attention of trading desks, not least because some believe the derivatives are...
...The S&P 500 is often used as the default comparison because of its ubiquity, but, in reality, it’s a poor benchmark for private equity returns given how top-heavy it is....
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