VOE News and Press, Vanguard Mid-Cap Value From 06/22/24

2024-06-22 23:57:00 ET Summary The bulls have long rationalized that low rates and increased liquidity justify overpaying for the underlying fundamentals. The fiscal policies implemented after the pandemic-driven economic shutdown created a surge in demand that further exacerbated...

2024-06-21 09:00:00 ET Summary I reflect on past bear markets caused by unsustainable debt levels and valuations, but do not see similar circumstances today. Current concerns about a looming bear market are addressed, with a focus on overbought conditions in the technology sector ...

2024-06-21 04:52:00 ET Summary As the first half wraps up, both US and foreign stocks are solidly positive amid AI euphoria. In the stock market, despite many calls for a broadening out of the rally, the mega-cap AI theme reasserted its dominance following small caps’ surge...

2024-06-20 19:45:00 ET Summary Below is a quick look at trailing 12-month price to sales ratios (P/S) over the last five years for the large-cap S&P 500 and small-cap Russell 2,000 along with each index's respective Technology sector. The Russell 2000's price to sales ratio is...

2024-06-20 11:25:00 ET Summary There are countless ways to engage in opportunistic portfolio rebalancing analytics, but a good way to start is by profiling performance. For US equities, the case for tamping down expectations looks persuasive. US Treasuries are starting to show...

2024-06-19 00:00:00 ET Summary Breadth has been the topic of the week, with the market cap weighted S&P 500 pushing to new highs, leaving behind cumulative AD lines and equal-weight measures of the same index. The combined market cap of what are currently the 30 largest stocks...

2024-06-17 11:45:00 ET Summary The Russell 2000 fell 1.6% on Friday, was in the red year-to-date, was back where it had first been in January 2021, and was down 18% from its all-time high in November 2021. The Nasdaq Composite eked out the fifth record close in a row on Friday, an...

2024-06-17 10:30:00 ET Summary A flat monthly CPI number (year-over-year unchanged at 3.3% inflation rate) helped prompt a drop in the 10-year yield and fuel enthusiasm that we may see an early fall (September) rate cut. Due to the perception that the month-over-month inflation nu...

2024-06-17 09:15:00 ET Summary It was a good week for Wall Street's bulls seeking to navigate their way through the random onset of new information in the markets. As for the market-moving news the week held, a benign inflation report on Wednesday, 12 June 2024 was perhaps the mos...

2024-06-17 02:45:00 ET Summary For the Russell 2000 EPS growth rate, “ex-Energy”, it looks like the first quarter of ’24 will be the nadir in terms of yoy earnings declines. Many of the big sell-side firms and financial institutions are ratcheting up their num...