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Seeking Safe Havens In S&P 500 Sectors & Industries
It's hard to find too many places to hide from the unrelenting selloff in the S&P 500 since the start of the year.…
Stock Market
The stock market is driven by two key variables: the earnings estimates of industry analysts and the valuation multiple that investors are will to pay for those expectations. These QuickTakes monitor the latest developments relevant to stock investors.
181 posts
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Forward P/Es Falling Faster Than Forward Earnings Are Rising
The S&P 500/400/600 stock price indexes are down 18.1%, 16.1%, and 16.4% ytd through today's close.…
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Retailers Getting Squeezed; Good News for Inflation Outlook?
Today's 4.0% plunge in the S&P 500 was more of the same pain experienced by most of the 11 sectors of the S&P 500 so far this year.…
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Bull/Bear Ratio Falling; Powell Talking Tough
The Investors Intelligence Bull/Bear Ratio (BBR) dropped further below 1.00 during the May 17 week, to 0.65 from 0.68 the prior week.…
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No Recession In These Numbers
It has been a good day for the US economy.…
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Friday the 13th Was A Lucky Day for S&P 500
Friday the 13th was a lucky day for stock bulls. On Thursday, the S&P 500 was down 18.1% from its record high on January 3. It was on the edge of a bear market (defined as down 20%-plus from the most recent high).…
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DEEP DIVE: More on Inflation & Stocks
Strategy I: 1987-Style Bear Market?
I’ve recently been asked when was the last time we had a P/E-led…
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Margin Calls Not Main Source of Selling Pressure
Are margin calls exacerbating the stock market selloff? Probably, but margin debt is relatively small compared to the market capitalization of the Wilshire 5000.…
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Market Is Up Despite Hawkish Powell Interview
Can the stock market finally overcome bad news? Imagine if Fed Chair Jerome Powell pivots further to the hawkish, dark side and says that he cannot guarantee that the Fed’s monetary tightening won’t cause a recession.…
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DEEP DIVE: Inflation Boosts Earnings & Depresses Valuation
Over the past year, inflation has been having a positive impact on analysts’ consensus forecasts for earnings in 2022 and…
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The Buffett Ratio Remains High
The Buffett Ratio rose to new record highs at the end of last year. In the past, Warren Buffett has opined that the stock market was overvalued when the ratio of the market capitalization of US equites to nominal GDP rose to around 2.0 or higher.…
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Corrections Now & Then
The S&P 500 is down 18.0% since it peaked at a record high on January 3. The current selloff is reminiscent of the 19.8% correction during the last three months of 2018 through Christmas Eve.…
