Stay updated with breaking news from Steve einhorn. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
You. Thank you. So, when you were with us on august 7th, you said the market is fully valued. From then until then the Dow Jones Industrial average is up 6 , the s p up 4 we overvalued now . Not yet, no i would say that, you know, basically bull markets ended over valuation and i dont think were overvalued use whatever adjective you want to describe it the market is not cheap and its not expensive. So as i think ive been saying, i think were kind of approaching normalization, and to me normalization is a 17 multiple on earnings and the trick is what is the earnings youre looking at . You know President Trump and the republicans get their way, and we have a tax package, you can see earnings next year in the s p about 150 and the 17 multiple and 150, i think its 2550 that would be fair value, full value but fair values, and, you know, most bull markets end over valuation ....
And im gary kaminsky. Ed the u. S. Economy added 150,000 jobs white Unemployment Rate ticked higher to 5 . Anthony the second in jobs report comes the day before election day. Steve einhorn, the vice chair of omega advisers. Any one report has to be taken in context. I would characterize the report as a reasonably good one. While the headline number was a bit weaker than expected, the private Sector Employment increase was in line with expectations. There was some lift in wages which is good. The participation rate, the number of folks reentering the labor market moved up a bit. Sow i would say its a good report. One that likely will allow the Federal Reserve in december to lift Interest Rates. There was a full time jobs. Im wondering, the quality and mixture ....
And im gary kaminsky. Ed the u. S. Economy added 150,000 jobs white Unemployment Rate ticked higher to 5 . Anthony the second in jobs report comes the day before election day. Steve einhorn, the vice chair of omega advisers. Any one report has to be taken in context. I would characterize the report as a reasonably good one. While the headline number was a bit weaker than expected, the private Sector Employment increase was in line with expectations. There was some lift in wages which is good. The participation rate, the number of folks reentering the labor market moved up a bit. Sow i would say its a good report. One that likely will allow the Federal Reserve in december to lift Interest Rates. There was a full time jobs. Im wondering, the quality and mixture ....
And im gary kaminsky. Ed the u. S. Economy added 150,000 jobs white Unemployment Rate ticked higher to 5 . Anthony the second in jobs report comes the day before election day. Steve einhorn, the vice chair of omega advisers. Any one report has to be taken in context. I would characterize the report as a reasonably good one. While the headline number was a bit weaker than expected, the private Sector Employment increase was in line with expectations. There was some lift in wages which is good. The participation rate, the number of folks reentering the labor market moved up a bit. Sow i would say its a good report. One that likely will allow the Federal Reserve in december to lift Interest Rates. There was a full time jobs. Im wondering, the quality and mixture ....
And im gary kaminsky. Ed the u. S. Economy added 150,000 jobs white Unemployment Rate ticked higher to 5 . Anthony the second in jobs report comes the day before election day. Steve einhorn, the vice chair of omega advisers. Any one report has to be taken in context. I would characterize the report as a reasonably good one. While the headline number was a bit weaker than expected, the private Sector Employment increase was in line with expectations. There was some lift in wages which is good. The participation rate, the number of folks reentering the labor market moved up a bit. Sow i would say its a good report. One that likely will allow the Federal Reserve in december to lift Interest Rates. There was a full time jobs. Im wondering, the quality and mixture ....