Published November 1, 2024
Delta Research posted a summary of bearish market thoughts recently we thought you might find interesting. The chart shown is messy as historical returns data can be all over the place. Nonetheless, the point is clear that “expensive” markets are less likely to deliver big returns. For our part, we prefer to remain focused on trying to profit in both good markets and weak ones, hoping that over time that delivers good results with lower risk. (more…)
Published January 26, 2024
Below we offer a couple of recent summary reports from Delta Research. We hope you find them of interest.
“The S&P 500 returned 26% in 2023 and ended the year just short of the all-time high of 4796. Components of the 2023 return included +6.32% from better earnings, +17.91% from expansion in forward P/E multiple to ~20x, and +2.06% from dividends. Since 1950, the S&P 500 Index is positive the following year 80% of the time. In the presidential election years dating back to 1960, the S&P 500 index has been positive 81% of the time (13 out of 16 years). (more…)