Published April 10, 2026
Stock valuations are derived from earnings and how much investors are willing to pay for those earnings. The note below suggests that the stock market’s recent war-related decline has created a significant gap between stock values and earnings expectations. If so, there could be fuel for stocks in the coming weeks. (more…)
Published November 8, 2024
A two-year long bull market environment has pushed stock market valuations to the upper end of the typical range. Leuthold Group’s Doug Ramsey posted the following note highlighting what concerns him with stock at this level: (more…)
Published August 25, 2023
As summer winds down, we have seen August play out in its usual way so far – weak. Here with more comment on recent market moves is Delta Research:
“In the past three months, the 10-year US treasury rate climbed by more than 15%. The sharp move higher during the month of August took the 10-year rate to the highest level its been since November 2007. As treasuries moved higher in August, stocks traded lower. The S&P 500 declined from August 1 to the Friday low of last week by 5.5% and the NASDAQ 100 was down 6.7%. (more…)
Published December 10, 2021
Continuing from last week’s outlook for 2022, we provide the second part below, this part focused on the economy and stock valuations. (more…)