The S&P 500 is pushing into an area of clear technical resistance. What’s more – fundamentally it’s no longer cheap at approx 18.5x forward earnings. My thinking is the market is not an attractive risk/reward bet at these levels… and are under-appreciating the task in front of the Fed.
"Inflation"
Do Upside Gains Easily Outweigh the Downside Risks?
With the S&P 500 some 14% off its lows – trading just below 4200 – at 17.5x fwd PE – what’s the potential upside reward? And do those potential gains outweigh the downside risks?
It’s All About Bond Yields
The market is currently being led by one thing: what we see with bond yields.
Why Bad (Jobs) News Could be Good News
A ‘bad print’ for the number of jobs created (or lost?) over July could actually be good news for stocks. On the other hand, a strong number only amplifies the Fed’s resolve to hike
For a full list of posts from 2017…