Our monthly market valuation updates have long had the same conclusion: US stock indexes are significantly overvalued, which suggests cautious expectations for investment returns. This analysis focuses on the P/E10 ratio, key indicator of market valuation, and its correlation with inflation and the 10-year Treasury yield.
The U.S. trade deficit narrowed as exports surged and imports inched lower. In February, the trade deficit shrank 6.1% to -$122.7B, the first decline in four months.
Bond traders ramped up bets on interest-rate cuts from the Federal Reserve amid concern that Donald Trump’s trade war will backfire on the US economy, sending the yield on benchmark Treasuries toward the closely-watched 4% level.
The Institute for Supply Management (ISM) released its March Services Purchasing Managers' Index (PMI), with the headline composite index at 50.8—below the forecast of 53.0. This marks the ninth consecutive month of expansion but the slowest growth since June 2024.
Runway AI Inc. has raised $308 million in a new round of funding that more than doubles the company’s valuation — a sign of investor enthusiasm for startups building artificial intelligence software that can generate videos.
The March U.S. Services Purchasing Managers' Index (PMI) from S&P Global came in at 54.4, just above the 54.3 forecast. The reading marks the 26th consecutive month of expansion and the fastest growth of the year so far.
Meta Platforms Inc.’s head of artificial intelligence research plans to leave the company, creating a high-level vacancy just as Meta seeks to invest and compete aggressively in AI.
President Donald Trump imposed the steepest American tariffs in a century as he steps up his campaign to reshape the global economy, sparking threats of retaliation and a selloff in markets around the world.
The tiny German village of Rehden, halfway between Hamburg and Frankfurt, is the unlikely ground zero for the next phase of the European energy crisis.
Market volatility is likely to rise as investors digest the president's plans.
Uncertainty is the watchword for the global economy. Dramatic policy shifts—tariffs in particular—by the Trump administration 2.0 have so far surprised financial markets and softened consumer sentiment. But we see a global economy well positioned to absorb potential shocks in the months ahead.
Compensation dynamics are commanding investor attention once more. For the first time in decades, Japan's pay increases—finalized at +5.46% in this year's shunto negotiations—have notably exceeded compensation growth rates in the United States.
The tariffs that the U.S. is imposing on its trading partners will bring about several costs that are important for investors to understand. Some of those costs are inherent to what a tariff is, while others stem from the fact that U.S. industrial policy has, and looks to continue to have, a huge amount of uncertainty associated with it.
Turbulence is expected to continue until markets gain more clarity.
Two of the most common estate planning tools to use are a Will and a Revocable Trust. Both essentially perform the same purpose, ensuring your wishes are fulfilled, but they do so in different ways. Understanding their differences can save your family from unnecessary probate, costs, and stress.
The first quarter of 2025 took investors on a rollercoaster, driven by on-again, off-again tariff policy announcements.
Investors face new challenges as their wealth grows. So it’s a good thing that direct indexing is designed to fit their allocations just the way they are.
In this video, Chuck Carnevale, Co-Founder of FAST Graphs, aka Mr. Valuation is going to cover two aerospace and defense stocks – Huntington Ingalls Industries (HII) and Lockheed Martin (LMT).
An early-term recession, though difficult, can create strategic opportunities to push a bold and transformative agenda forward.
In recent weeks, market volatility has surged, driven by uncertainty surrounding the growth picture and Washington's economic policy
This video provides an update on the monthly moving averages we track for the S&P 500 and the Ivy Portfolio after the close of the last business day of the month.
Here is a summary of the four market valuation indicators we update on a monthly basis.
The underrepresentation of women in financial services leadership is not a reflection of their ability – it’s a symptom of an industry that hasn’t evolved quickly enough to meet the challenges of the modern world. Addressing this gap requires more than a commitment to diversity...
Based on the March S&P 500 average of daily closes, the Crestmont P/E of 38.2 is 152% above its arithmetic mean, 175% above its geometric mean, and is in the 99th percentile of this 14-plus-decade series.
Here is the latest update of a popular market valuation method, Price-to-Earnings (P/E) ratio, using the most recent Standard & Poor's "as reported" earnings and earnings estimates, and the index monthly average of daily closes for the past month. The latest trailing twelve months (TTM) P/E ratio is 26.1 and the latest P/E10 ratio is 34.7.
In this column, I’ll share some marketing secrets I’ve seen work well, whether you are trying to do lead gen or whether you are in a “finals” situation competing against other advisors, or whether you are talking with a prospect in your office.
The Q Ratio is the total price of the market divided by the replacement cost of all its companies. The latest Q-ratio is at 1.85, down from 1.97 in February. This is the lowest level in eight months.
Even in the best-case scenarios, implicit trust tends to erode when a marriage unravels. On occasion, the divorce process uncovers secrets, hidden rifts, and breaches of trust that can expose both parties to scrutiny and trouble.
This year’s whiplash headlines and thrashing in equity markets have done little to slow down the ETF industry.
Goldman Sachs Group Inc. is expanding its private equity offering to wealthy individuals across Wall Street and beyond, in the latest sign of investment firms gradually broadening access to the much sought-after private markets.
At the end of March, the inflation-adjusted S&P Composite Index was 160% above its long-term trend, down from 178% in February. This is the lowest variance in seven months.
Hiring at US companies accelerated last month, rebounding from a weak February marked by severe weather in some regions of the country.
There’s a lot of uncertainty over whether President Donald Trump will actually go through with all his planned tariffs, whether the economy will stall or go into reverse as a result, and whether Congress will eventually decide that it has had enough of ceding its tariff authority to the president.
On Monday, OpenAI announced $40 billion in new financing, the largest funding round in history, and one that nearly doubled the artificial intelligence company’s valuation to $300 billion.
The ADP employment report revealed that 155,000 nonfarm private jobs were added in March, almost twice as much as the 84,000 from February. The latest reading was higher than the expected 118,000 addition.
2025 has been marked by U.S. tariff news, geopolitical tensions and market volatility. Recent comments by Treasury Secretary Scott Bessent and President Donald Trump seem to confirm that the “Trump put” of his first presidential term is no longer in place.
Since mid-January, a new political regime in Washington has shaken the geopolitical landscape and global markets. In this volatile environment, bonds have performed well, resuming their traditional role as ballast against falling stock prices and attracting strong demand from investors.
Stocks are mixed around midday after seeing some mid-morning buying as investors position ahead of tomorrow's "Liberation Day".
Doug Drabik discusses fixed income market conditions and offers insight for bond investors.
Investors often debate the merits of value versus growth investing, but when it comes to developed international equities, the conversation isn't static; it moves in cycles.
The last time the dollar needed policy intervention was in 1985. The dollar was ascendant, and that put American exports at a disadvantage.
The world has entered a period of geopolitical uncertainty, with the U.S. now at the center of the storm.
Fixed income investors can opt for corporate bonds to maximize yield opportunities without sacrificing too much credit risk.
Connective Communication’s CEO & Founder Jennifer Morgan lit up the Exchange stage with her workshop, Escape the Sea of Sameness.
They took the concept of a mutual fund, rewrapped it in a low-cost, easily traded package, and offered it to investors on a silver platter. Today, ETFs account for $15 trillion AUM globally, making them one of the most dominant forces in modern markets. And behind the scenes, they’re working even harder than you think.
When you discover your identity has been used in a pump-and-dump scheme on WhatsApp or other platforms, taking swift and decisive action is essential. This guide outlines the specific steps you should take to report the crime, protect your clients, and help authorities bring the perpetrators to justice.
Kristin Myers, Editor-in-Chief at etf.com, offers a preview of their highly anticipated 2025 industry awards ceremony. VettaFi’s Zeno Mercer breaks down the recent surge in gold and international equity ETFs.
Join the experts at Calamos as they unpack how protected ETFs can help investors stay in the market and weather the storms of volatility.
Clinging to the hope that a “maybe” will somehow turn into a commitment doesn’t serve you or them. It simply allows your qualified prospects to walk away without having their problem solved, leaving you without a client – a losing situation for both parties.
The 10-year Treasury yield has experienced dramatic fluctuations, ranging from a peak of 15.68% in October 1981, during the height of the Volcker era, to a historic low of 0.55% in August 2020, amidst the economic uncertainty of the pandemic. As of March 31, 2025, the weekly average stood at 4.33%.
