Public A Short-Lived P/E-Led Bear Market? May 8, 2022 2 min read Are we heading toward a P/E-led bear market even though earnings continue to grow? Ed Yardeni
Public Do Industry Analysts Anticipate Recessions? Apr 24, 2022 2 min read One of our accounts in Luxembourg requested that we determine how well industry analysts’ earnings estimates anticipate recessions. The recent weakness in the S&P 500’s forward P/E has been partly offset by the continued rise of consensus earnings estimates to record highs. Some of these increases probably reflect steady profit margins as companies pass their rising costs through to their selling prices. It’s widely recognized Ed Yardeni
Public S&P 500’s Winners & Losers Apr 10, 2022 1 min read The S&P 500 is down 5.8% ytd. Under the circumstances--e.g., war in Ukraine, continued supply-chain difficulties, high inflation, Fed in tightening mode, rising bond yields, and recession fears--that's not too bad. However, when we look under the hood, only four of the S&P 500's 11 sectors are up ytd: Energy (43.3%), Utilities (7.5), Consumer Staples (2.3), and Ed Yardeni
Paid New records in reach Mar 30, 2022 2 min read paid The S&P 500 is on the verge of making new record highs. It is only 3.4% below its January 3 record high as of March 29! The fundamentals remain very strong with both S&P 500 forward revenues and earnings at record highs. I expected that. I didn't expect that the forward P/E would pop back up to 19.9 on March 29 Ed Yardeni
