From the desks of Stanley Katz & Lauren Madera
STAY SAFE & HAVE FUN!
All three major US stock market indices lost ground this past week (i.e., DJIA: -0.93%, S&P 500: -0.26%, Nasdaq: -1.17%) on the heels of a growing economy, moderating inflation, and robust hiring. The S&P 500 currently trades at a price-to-earnings multiple of 22.82X trailing twelve-months earnings versus the historic average of 16X. Besides the AI revolution and resulting business efficiencies, the only other driver behind this stock market surge appears to be FOMO (i.e., fear of missing out). The first ten pages of Zacks Monthly Investing Update and Asset Allocation presentation offers an interesting perspective. Click the link below.
Reading about life in the future stimulates the mind and its impact on investing. Analyzing that against the backdrop of the past hopefully paints a clearer picture of industries and the individual companies one may wish to focus. Franklin Templeton’s Innovation Insights makes for a good read. See below.
Below are links to a number of third-party research reports that we have read and analyzed over the past week. We hope you will find the information interesting, useful, and worthwhile.
Zacks:
Franklin Templeton:
Argus:
- Rallying Market Ignores Warning Signs: Our Monthly Survey of the Economy, Interest Rates, and Stocks
Capital Group:
J.P. Morgan Asset Management:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500
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