Copper

Weekly Update

Here’s Why Stock Markets Are So Bullish These Days


Published December11, 2020

The stock market has been roaring ahead, having posted a spectacular monthly return in November. That big monthly gain portends further strength ahead as LPL’s Ryan Detrick points out in his table entitled “What Happens After 10% Monthly Gains? Bulls Smile – Historic S&P500 Index Gains Have Led To Continued Strong Returns”.

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Uncategorized, Weekly Update

Stock market seeks other drivers


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Published July 17, 2020

timingcube_cartoon071720

A few miscellaneous notes this week that describe the current market outlook, foggy though it be.  Starting at the highest level with the wide range of earnings projections for the S&P 500.  Currently, the S&P 500 index trades around 3200.  If we look at the chart below, we see a 2021 earnings per share for the S&P 500 range of $135-170.  At $135, the S&P 500 is trading at price-earnings ratio of 23, on the high end of “normal”.

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