Bloomberg: "All-Over-Map Valuation Models Thwart Unified Stock-Market Thesis

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Bloomberg: "All-Over-Map Valuation Models Thwart Unified Stock-Market Thesis

Excerpt from Bloomberg quoting DataTrek co-founder Nick Colas:

…. “A scenario analysis by DataTrek Research shows that if a recession is avoided, existing earnings estimates point to an possible target of of 4,100 for the S&P 500. If not, 3,300 could be on the horizon. The index was little changed at around 3,770 in mid-morning trading in New York Wednesday.

“Think of US stocks as being like a seesaw,” said Nicholas Colas, co-founder of DataTrek. “And today’s prices essentially reflect equal odds (a horizontal plank) of near-term corporate earnings power increasing or decreasing by 10%”….

Full article here on Bloomberg.