More Charts
The stock market has been getting slammed. As of Tuesday’s close, the S&P 500 was down 12.5% from its all-time high of 2,134, which it set on May 20.But there’s some good news for investors with cash to allocate: valuations have gotten a lot more attractive.The price-to-earnings (PE) ratio — the price of the S&P 500 divided by the […]
Bianco said he expects the decline in oil to bite into corporate profits next year.”The combination of a strong dollar and a plunge in oil prices—these things are the hallmarks of a profit recession even if the economy is doing fine,” he said. “You can argue this pain is isolated to multinationals and the producers exposed to the industry. … […]
U.S. GDP growth is expected to be greater than 3% this summer, which would mark the end of a run of mid-year soft patches and potentially open the door for a longer period of growth in the 3% range.If the 10-year U.S. treasury yield can stay under 3.25% this summer against the backdrop of stronger growth, Deutsche Bank strategist David […]
The current stock market rally has been a pretty smooth, upward ride for investors.But it’s been a whopping 553 days since we’ve been in a healthy 10%+ sell-off.Are we past due for a correction?”A correction is not past due,” writes David Bianco in his 2014 outlook.Bianco runs us through the history of corrections in his note:S&P 500 corrections of […]
One reason why stock market trading volumes have trended higher is because the cost of trading has come down sharply.Deustche Bank’s David Bianco included this chart in his 2014 outlook for the stock market.”Transaction costs related to owning large cap stocks have plummeted in the past few decades and remain low relative to most other assets,” wrote Bianco. “We […]
One reason why stock market trading volumes have trended higher is because the cost of trading has come down sharply.Deustche Bank’s David Bianco included this chart in his 2014 outlook for the stock market.”Transaction costs related to owning large cap stocks have plummeted in the past few decades and remain low relative to most other assets,” wrote Bianco. “We […]
The S&P 500 is already up 26% since the beginning of 2013, and almost all of those returns have been driven by an expansion in the multiple investors use to value the market as opposed to actual growth in companies’ earnings.”Year to date, 75% of the S&P return has come from its [price-to-earnings ratio] expanding to 16.5x from 13.7x trailing […]
