PVG Market In A Minute-September 10, 2024
There are two very good economic indicators that we like that were released last week, the Beige Book and ISM Purchasing Managers Index, that are worth discussing...
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There are two very good economic indicators that we like that were released last week, the Beige Book and ISM Purchasing Managers Index, that are worth discussing...
Read BlogAs we discussed, we are expecting a rough month of September for the market, see last week’s market in a minute. The last 4 Septembers were down on average by - 7%.
Read BlogNVDA: which reports on Wednesday, has currently about 10% volatility up or down expected after their earnings report, so about .70% plus or minus for the S&P 500.
Read BlogPowell’s Economic Speech on Friday: Annually, there is a symposium in Jackson Hole where economists and central bankers meet to discuss economic issues and policy options.
Read BlogValuation- the S&P 500 on 2024 earnings is 22x and 2025 is 19x. We had been expecting a -10% pullback this quarter and we got it, now with about a 4.3% bounce off the bottom on August 5th.
Read BlogAs we have been saying for a while now, we expected the economy to weaken significantly during the second half of 2024. That appears to be exactly what is happening.
Read BlogEquity markets are in an early stage of broadening, small cap stocks are very undervalued, but generally perform best in a new economic cycle, if a soft-landing these stocks will continue to go, if a recession, then the sustainable move is in 2025.
Read BlogWe believe the stage is becoming set for a major shift in the markets to last multiple years, as money is moved out of the mega cap stocks to other areas of the market.
Read BlogValuations for the S&P 500 are very high 23x versus 24x forward in 2000, Extreme reading on the number of stocks beating the S&P 500 at only 25%.
Read BlogWe think without a significant rotation, the market will bust! We are likely going to get a rotation, as we believe we are at a record low in terms of the percentage of stocks that are outperforming the S&P 500 over a calendar year.
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