Look below the surface, and much of the S&P is not overvalued. The issue is, are there any bargains left?
How expensive is the S & P 500? One common argument is the S & P 500 will have trouble advancing in the fall because the P/E ratio is too high. On the surface, it sure seems rich. The benchmark is currently trading at 19.8 times forward earnings estimates . That is well above the 10-year average of 17.6, according to Refinitiv.
0 14% below Energy 11.1 53% below Does this mean that the market is a bargain? Unfortunately, no. "It would appear that many sectors are fairly-valued which [was] not the case during the height of the pandemic," Tajinder Dhillon, senior research analyst at Refinitiv, told me. In plain English: the overall market was a real bargain at the height of the pandemic. It isn't anymore.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. stocks open higher as S&P 500, Nasdaq headed for fifth straight monthly gainU.S. stocks opened higher on Monday, the final session of July, as the three main indexes appeared poised for sizable monthly gains. The Dow Jones Industrial Average was little-changed at 35,470:
Read more »
Gambler 500 Rally: Trash and Fun, Not Necessarily in That OrderThe wacky rally focuses on off-road garbage cleanup, but it's also an off-road jamboree with wild machines and instant friends.
Read more »
U.S. stocks finish higher as S&P 500, Nasdaq climb for 5th straight monthU.S. stocks finished higher on Monday, while the S&P 500 and Nasdaq Composite capped off July by recording their fifth-straight month in the green — the...
Read more »
S&P 500, Nasdaq notch modest gains Monday, rise for the fifth straight month: Live updatesStocks rose modestly Monday as Wall Street kicked off a busy earnings week and wrapped up a winning month. The Dow rose 0.28% The S&P 500 was up 0.15% The Nasdaq gained 0.21%
Read more »
S&P 500 Extends Winning Streak With Fifth Month of GainsThe S&P 500 in July notched its fifth consecutive month of gains, its longest winning streak since 2021
Read more »
Bitcoin now less volatile than Nasdaq, S&P 500 and gold; 'eruption is near'Bitcoin's current lower volatility compared to Nasdaq, S&P 500 and gold suggests that a potential eruption in volatility is imminent.
Read more »