(Via BeSpoke Investment Group)
It’s been all about the financials – and they are leading on the downside today as well.
The 2003 bounce came when stocks were not cheap – they traded at a multiple to cyclical earnings of about 21, according to Prof Shiller, when at the bottom of previous bear markets this multiple had fallen below 6. So…
On Monday, the S&P broke through its 50 DMA and it is marginally up again Tuesday morning. It is now towards the top of the range that it has been trading in since the March 28 high around 5250. But…
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California to cut 20,000 state jobs Trump Entertainment files for bankruptcy