Charts of the Week
A Long-Term Look at Real S&P 500 Returns
May 20, 2022
A long-term look at real S&P 500 returns
A long-term look at real S&P 500 returns
Some interesting charts from our recent posts
The Fed put is not 100% dead, but taming inflation is now the Fed's priority. The stress levels at which they supported markets in the past are no longer as relevant.
Valuations have come down but are still higher than average. For forward P/E ratios to remain lower, earnings will have to continue to be strong. This may be a tall order given concerns about recession and the highest inflation in 40 years.
Today's topics include searching for an end to Treasuries' rout, pricing in recession?, sizing up bear markets, inflation hitting retailers, China buying Russian oil, the S&P remains highly concentrated, and food inflation
Questions about the Fed's resolve remain. This is at the heart of the debate in the market today.
Today's topics include a lost decade for stocks?, more on market timing, revisiting the Plaza Accord, goods vs. services spending, this pretty much sums up the ratings game, an update on port congestion, the next deadline in Russian default, and Apple eases up on the return to office
Japan's holdings of U.S. Treasuries fell a record $74 billion in March as the yen collapsed.
Today's topics include Bernanke bashes the Fed, fund managers hoarding cash, plenty of uncertainty about effects of balance sheet normalization, bear market rallies, the dollar's rise, anecdotal evidence of a hot labor market, oil demand during recessions, and growth vs. value.