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Bull-Bear Ratio Remains Below 1.00
The Investors Intelligence Bull/Bear Ratio (BBR) fell further below 1.00, to 0.68, during the May 10 week.…
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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S&P 500’s Tug-of-War Between Investors & Industry Analysts
The meltdown in forward P/Es continued yesterday, while forward earnings continued to scale new heights.…
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A Short-Lived P/E-Led Bear Market?
Are we heading toward a P/E-led bear market even though earnings continue to grow?…
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More Air Coming Out Of Valuation Multiples
The air continued to come out of stock valuation multiples this past week. It has mostly been coming out of the S&P 500 Growth index’s MegaCap-8—i.e., Alphabet, Amazon, Apple, Meta, Microsoft, Netflix, Nvidia, and Tesla. Consider the following:…
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The S&P 500 Remains In a Correction
“Ugly” is the only way to describe today’s stock market selloff. The S&P 500 is down 13.5% ytd since it set a record high on January 3. So it’s still in correction territory. It dropped 3.6% today, but that was after a 3.0% jump the day before.…
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Inflation Is Deflating Valuation Multiples
More air came out of valuation multiples this past week. Here are the forward P/Es of the major indexes at the start of this year and on Friday:…
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The Ups & Downs of the S&P 500
While industry analysts are still raising their earnings estimates for this year and next year, investors continue to take the air out of valuation multiples.…
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US Tech Production Booming
The S&P 500 Information Technology sector and the Communication Services sector
are down 13.9% and 14.7%…
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Tug of War Between the Bulls and Bears
Why has the stock market held up reasonably well in the face of a more hawkish
Fed, more vigilant Bond…
