by Summary:
Based on the 5 May 2019 close the S&P 500 PE on trailing operating earnings is 18.25. That places it at the bottom of my fair value band that is based largely on long term treasury bond yields. We can each have out own theories, but it appears to be that the market is correcting on fears of what Trump’s trade war will have on earnings growth. Figure one
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Spencer England considers the following as important: US/Global Economics
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Based on the 5 May 2019 close the S&P 500 PE on trailing operating earnings is 18.25. That places it at the bottom of my fair value band that is based largely on long term treasury bond yields. We can each have out own theories, but it appears to be that the market is correcting on fears of what Trump’s trade war will have on earnings growth. Figure one
Topics:
Spencer England considers the following as important: US/Global Economics
This could be interesting, too:
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Based on the 5 May 2019 close the S&P 500 PE on trailing operating earnings is 18.25. That places it at the bottom of my fair value band that is based largely on long term treasury bond yields. We can each have out own theories, but it appears to be that the market is correcting on fears of what Trump’s trade war will have on earnings growth.
Figure one