Page 21 - Technically Speaking News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Ces femmes qui luttent contre le conservatisme en Turquie, aux États-Unis et en Malaisie
francetvinfo.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from francetvinfo.fr Daily Mail and Mail on Sunday newspapers.
Un verdict de sous-développés
fr.le360.ma - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fr.le360.ma Daily Mail and Mail on Sunday newspapers.
Forward Returns Continue To Fall
One of the interesting aspects of
“bull markets is the further they go, the lower forward returns fall. In hindsight, such an idea seems counter-intuitive, but ultimately it always comes down to valuations. As Warren Buffett once quipped:
“Price is what you pay. Value is what you get.
Please share this article - Go to very top of page, right hand side, for social media buttons.
(
When markets are incredibly exuberant, as they are currently, it is not surprising that such is commonly associated with previous market peaks. The chart below shows the annual rate of change of the inflation-adjusted S&P 500 index from March to March. The recent market surge marks one of the largest on record. Such increases typically preceded corrections (10-20%) to outright bear markets.
Five Reasons To Curb Your Enthusiasm.”
This analysis is interesting, particularly when analysts are rushing to upgrade both economic and earnings estimates.
More importantly, investors are incredibly long-biased in portfolios, with equity allocations reaching some of the highest levels in history.
What Subramanian questions, and something we have asked previously, is all the
“good news” already
“priced in?”
“Amid increasingly euphoric sentiment, lofty valuations, and peak stimulus, we continue to believe the market has overly priced in the good news. We remain bullish the economy
but not the S&P 500. Our technical model, 12-month Price Momentum, has recently turned bearish amid extreme returns over the past year.”
Dogecoin steals the limelight in a golden week for cryptocurrency
Crypto at a glance
A splash of red adorns the top of the charts this morning, a trickle of blood across this week’s otherwise-sunny landscape.
The past few weekends have been good to the crypto markets, but does a swathe of single digit drops across the major coins signal bad tidings ahead? Or will it see another huge push past recently-set all-time highs?
Bitcoin has seen a slight correction, down roughly two per cent over the last 24 hours and currently trading at just below $62,000. The leading cryptocurrency has been riding a wave this week amidst the mania surrounding the Coinbase listing, so it was arguably due some pull back. All eyes now or whether it can hold the $60,000 level or bounce back sharply, as it generally has been recently?
vimarsana © 2020. All Rights Reserved.