Three “Data” items today: Topic #1: Today’s US equity market rout was caused by disappointing earnings over the last 2 days at major retailers like Walmart and Target, which supports…
Month: May 2022
Russell 2000 Volatility
Continuing yesterday’s “Markets” discussion, which analyzed current S&P 500 price volatility to prior periods of investor uncertainty since 2005, today we have the same data but for the Russell 2000. By…
Outlook on Energy Stocks
Large cap Energy is still our favorite sector even though it made a new 52-week high yesterday (ETF symbol XLE), so let’s talk about why we think this group still…
S&P Valuations: "Cheap"?
The FactSet chart above of the last decade’s S&P 500’s price earnings ratios based on expected 12-month future earnings is making the rounds, so let’s talk about it. At first glance,…
S&P 500 Recession Math
How much recession risk is baked into the S&P 500 at current levels? Here is one way to think about that question: Start with current earnings power, which we know is…
Wall Street Analysts Cut Numbers/Targets
Wall Street analysts are starting to take their 2H 2022/2023 earnings estimates down, and they are slowly reducing price targets as well. The data here is from FactSet’s weekly Earnings Insight…