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...“We believe that the correction in housing prices in Europe is not over yet, but we have probably seen the worst of it,” said Sylvain Broyer, chief economist of EMEA at S&P Global Ratings....
...The price-to-book ratio of companies listed on South Korea’s flagship Kospi index is 0.91, significantly lower than the Nikkei 225’s 2.01....
...The involvement of S&C, which represents the FTX estate, has been controversial from the start....
...The bank reported a return on tangible equity — a key measure of bank profitability — of 12.3 per cent, down from 15 per cent last year but ahead of its target of more than 10 per cent for 2024....
...The S&P 500 stock index has fallen more than 10 per cent from the high point it touched earlier this year, meeting the popular definition of a market “correction” as investors fret about interest rates,...
...Stephen Poloz, who led the Bank of Canada from 2013 to 2020, has been given the task of convincing Canada’s pension funds, which manage more than C$4tn (US$2.9tn), to allocate more capital at home....
...“As far as I know, The Henderson seems to only accept tenants of top-notch quality,” says Ricky Tsang, director of corporate ratings at S&P....
...Stephen Poloz, who led the Bank of Canada from 2013 to 2020, is charged with convincing Canada’s pension funds, which manage more than C$4tn (US$2.89tn), to allocate more capital at home....
...Gordon said their outsized index weightings disguised the fact that macroeconomic concerns had driven “a stealthy correction under the surface” of the market....
...Bank of England governor Andrew Bailey this week told university students that the low valuations of UK banks puzzles him....
...The head of F1’s governing body told the FT last week it was “damaging the sport”....
...Barclays also trades at a more than 50 per cent discount to the book value of its assets, one of the worst valuations of any major western lender....
...According to the S&P Index Versus Active Report, 80 per cent of equity managers of large capitalisation stocks underperform a benchmark like the S&P 500 over the five-year horizon....
...It probably just doesn’t matter, from the point of view of long-term returns, whether you own Berkshire or the S&P. Why, then, should Berkshire exist?...
...Since a painful 10 per cent correction between July and October, the S&P 500 has risen more than 25 per cent....
...And I know of airline bosses who constantly fear “that call”. But otherwise, give me a V-sweet C-suite job any time. As if anyone would....
...Fed rate cuts One narrative that has shrivelled up this year is that the pricing out of Fed rate cuts for 2024 would coincide with a correction in the stock market....
...appear that S&C may have some problems,” he added....
...The intervention by Venkatakrishnan, boss of one of the UK’s biggest banks, comes after years of patchy relations between ministers and industry and frustration in boardrooms over policy U-turns by successive...
...S&P Global Ratings said in a report on Thursday that triple C borrowers would “contend with weak cash flow and elevated interest expenses this year”, while “defaults in 2024 [would] largely come from consumer-facing...
...At nearly 12 per cent it dwarfs the 7.5 per cent that US high-yield bonds pay, and is close to the effective yield of super-junky triple-C bonds....
...Investors are so bullish that “fear of a crash-up” now trumps “any meaningful concern of a correction lower,” said Charlie McElligott, managing director of cross-asset strategy at Nomura, who wrote in a...
...With just 1.2bn people having an income above $12K a year, Apple is valued on an EV per pop of c$2,300, which requires c$800pp of annual spend, on the global equity strategy team’s calculations. 4....
...That said, I assert that this chart is actually quite interesting: That is the total return of the S&P 500 sectors since this current rally began in October 2022....
...Since July 31, it is down 10 percent – formally a “correction” – and that includes the strong performance of the seven Big Tech stocks. What gives?...
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