Spruce Flash Update – “P/E Tailwind Is Over; Time To Pick Stocks”
Thank you to our friends at Morgan Stanley (MS) who published the following chart depicting the recent decline in the forward P/E Ratio of the S&P 500 Index.
Month-end summary of global market data
Since the market high on January 26, 2018 we have noticed that previously non-correlated asset classes have traded together in tandem including stocks, bonds, credit, gold and commodities. All of
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Investors give range of predictions amid the specter of rising market volatility.
Thank you to our friends at Morgan Stanley (MS) who published the following chart depicting the recent decline in the forward P/E Ratio of the S&P 500 Index.
Looking back, 2017 will be remembered as the year of technology and equity momentum with the latter factor returning +38%, its highest since 1999. Looking forward we believe 2018 will
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