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The Market is Expensive, But Not "Dot-Com" Expensive


The Market Is Expensive, But Not “Dot-Com” Expensive
Expert panelists including Joel Greenblatt, Liz Ann Sonders, Jeffrey Sherman and Jan Van Eck weigh in on the market exuberance at Informa Connect’s Inside Wealth virtual event.
With the stock market hitting record highs and President Joe Biden proposing trillions of dollars additional stimulus, market experts told a gathering of advisors this week that yes, the market is expensive, but not yet at “dot-com-bubble” levels of exuberance, value stocks are due for a resurgence, and thematic ETFs could be the way to navigate the economic waters of the Biden administration.
At Informa Connect s Inside Wealth virtual event last week, Joel Greenblatt, co-chief investment officer of Gotham Asset Management, said the S&P 500 Index s free cash flow yield is 3.3%, which means the market is more expensive than any time during the last 30 years.  ....

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Best ETFs to Buy in 2021


Best ETFs to Buy for 2021
TheStreet
3/1/2021
© TheStreet
Best ETFs to Buy for 2021
The U.S. exchange-traded fund (ETF) industry continued to grow in 2020, reaching $5 trillion, according to a new research report published by Cerulli Associates.
And it s expected to grow even more over the next decade as issuers increasingly offer a greater variety of differentiated exposures beyond the commoditized core, according to Cerulli s latest report, U.S. Exchange-Traded Fund Markets 2020: Broadening Product Use.
According to Cerulli, the ETF industry is undergoing a momentous shift. The majority (79%) of U.S. ETF issuers report that they are currently developing or planning to develop transparent active ETFs, despite only 3% of ETF assets being currently held in such products, the report noted. ....

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