david-bianco

Once again, stock market bears didn't get what … – Business Insider

Yahoo! FinanceThis six-year old bull market continues its tumultuous rally. The S&P 500 hit an all-time high of 2,119.59 on February 25, 2015.From there, it tumbled 3% to 2,039.69 on March 11, leading some folks to speculate that this was the beginning of a sharp downturn, or perhaps the beginning of a major bear market. Deutsche Bank’s David Bianco said […]

CHART OF THE DAY: The History Of 10% Stock Market Sell-Offs

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 […]

CHART OF THE DAY: The Cost Of Trading Stocks … – Business Insider

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 […]

NYSE Trading Commissions Since 1980 – Business Insider

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 […]

Stock Market Returns Decomposed – Business Insider

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 […]