RWL News and Press, Oppenheimer S&P 500 Revenue From 03/20/23

2023-03-20 11:00:00 ET Summary While I am not a perma-bear, I have certainly addressed my expectations for a long-term bear market to be seen. Financial markets are not linear, so you should never approach them with this type of perspective. One needs to understand long-term h...

2023-03-19 07:46:00 ET Summary The annual change in real US GDP and the S&P 500 shows broadly the same trends over the last 20 years. To quantify the relationship between the US economy and the stock market, we calculated rolling 10-year correlations. Even if economies and...

2023-03-19 05:41:00 ET Summary Idiosyncratic factors certainly played a role in SVB’s failure and the recent turmoil we’re seeing in US regional banks as well as overseas at Credit Suisse. CS is a much larger and more economically critical bank than SVB, with signifi...

2023-03-18 08:54:00 ET Summary S&P 500 earnings don’t start for another 3 – 4 weeks and are almost an afterthought now. The forward 4-quarter estimate slid this week to $221.49 from last week’s $221.55. Looking at companies like Meta (META) and Federal...

2023-03-15 23:05:00 ET Summary After more than 12 long years, the stage may finally be set for an extended upswing in small-caps. When leadership concentration broke down in previous cycles, we saw multiyear periods where small caps outperformed large caps. In the current cycl...

2023-03-15 22:32:00 ET Summary After the painful decline in stock prices last year, many investors have clearly come to the conclusion that this now represents another terrific buying opportunity. The forward price-to-earnings ratio now shows the S&P 500 trades at a multiple o...

2023-03-13 14:34:00 ET Summary The month of March is nearly halfway through and volatility has begun to pick up. Whereas the S&P 500 was up around 2% month to date as of this time last week, currently, the index is down over 2.5%. Although historically March might not be t...

2023-03-13 11:47:00 ET Summary Investors in the S&P 500 (SPX) couldn't catch a break during the trading week ending on 10 March 2023. At this time, it's premature to tell if the dividend futures-based model's multiplier has shifted again. The biggest question investor...

2023-03-10 02:52:00 ET Summary Inflation is not moving down as much as people are anticipating. Labor is showing signs of resilience and strength. The leading indicators are telling us that although things are looking good now, that may not hold up as we get to the back half o...

2023-03-09 03:17:00 ET Summary Put in a logical sequence, dividends should be the last step in the business sequence, since they represent residual cash flows. The most intuitive way to think about potential dividends is to think of it as the cash flow left over after every concei...