- As of Friday, June 10th, 2022, the 60/40% balanced portfolio has returned -14.82% YTD, with the SPY declining -17.68%, and the Barclay’s Aggregate (AGG) falling -14.82%.
- Using “4-quarter trailing S&P 500 EPS” which is calculated but rarely shown, the y.y growth as of Friday, June 10th is 9.5% versus early ’22’s 8%.
- Given the hot CPI data last Friday morning, it’s difficult to come up with a scenario where Jay Powell can offer anything but tough rhetoric with the FOMC policy statement from this Wednesday, June 15th, 2022 meeting.
For further details see:
S&P 500 Earnings Update / 10-Year Treasury Yield Testing May '22, October '18 High Yields