The election is over, and people’s attention can shift back to daily life and the upcoming holidays. But how are Americans feeling across different segments of society? The University of Michigan has been conducting a Consumer Sentiment Survey monthly since 1978. This survey captures views on current and future economic...
The Federal Reserve has finally cut interest rates, a move that the market had eagerly anticipated for some time. Over the past year, investors consistently speculated that rate cuts would happen sooner and be larger than what ultimately transpired. The Fed reduced the Federal Funds Rate, or the overnight lending...
Jubilant emotions related to the Artificial Intelligence (AI) revolution are likely clouding investors' perceptions. Investors can’t seem to get enough. A handful of stocks are altering the perception of the stock market and likely the demand of non-AI companies. Through June 14 YTD, the S&P 500 Index was up 14.6%...
A great number of pundits are calling the S&P 500 overvalued based on the PE Ratio (current price divided by earnings-per-share) when compared to historical levels. We, however, think it looks reasonably valued. This comparison could be made based on the trailing earnings or based on analyst expectations for next...
Nobody has a crystal ball; Wall Street certainly doesn’t. At the end of last year, most economists were predicting a recession in 2023. The average prediction for the S&P 500 for 2023 was 4,029; a 5% increase from year-end. Flash forward to almost year-end - we certainly aren’t in a...
