Vol To Valuation

$SPX valuation perspective. Estimates currently showing ~$239 in earnings for FY 2023 at roughly 16-17x fwd earnings. Still think more downside than upside, my estimates for FY 2022 have SPX around 3,700. Guess we'll see if Q4 can help the index. $SPY $Stocks

Market plumbing enhancements are definitely needed. Having firms compete for order flow is a good idea IMO ⬇️⬇️⬇️ wsj.com/amp/articles/sec-clo…

2022 analyst targets for the S&P 500 as well as how well they did in predictions for 2021 BMO, Goldman Sachs, and Oppenheimer were the closest predictions last year. They are calling for around 5-19% upside for the remainder of the year. $SPX $SPY

Market up or down tomorrow?

Let's take a look at some historical bear market rallies for the S&P 500. I cherry picked these dates, but I think they're comparable. Over the past 21 years there have been 9 bear market rallies exhibiting: ▪️Avg. price return of ~11.62% ▪️Avg. duration of ~47 days $SPY $SPX

With all this news going on with Amazon $AMZN, don’t forget to check out the latest business breakdown! @VolToValuation podcasts.apple.com/us/podcas…

In one of our next @VolToValuation episodes, @FiduciaInvest and I discuss macro risks and the Omicron variant. Here's what I put together for it:

Let's take a lot at historical S&P 500 valuation levels in with regards to 10Y yields and subsequent real returns Note: excluding outliers and data gathered from S&P/Shiller (1871-2021, monthly) ⬇️⬇️⬇️

Podcast studio coming together @VolToValuation