41 min
S&P 500 Forward PE Valuations vs Future Returns | Volatility in Stock & Option Markets Broken Pie Chart
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- Investing
Derek Moore and Jay Pestrichelli return this week to discuss what current forward PE rations and whether that informs future market returns. Reasons PE ratios may go up or down including earnings increasing or markets going lower. Have there been a jump in forward earnings expectations? Then they check in on the high yield spread against treasuries and relationship to the VIX Index. Later they discuss the moving average of the unemployment rate and whether that is leading or lagging as an indicator. Finally, before some recommendations, Jay and Derek take a win vs. the Fed when looking at the supply chain pressure index vs. the CPI.
What is the Forward PE Ratio definition?
What is the current forward pe on the S&P 500 Index?
Is the forward pe ratio high in relation to the 25-year average?
How markets falling or earnings rising can lower the forward PE ratio
What is the high yield spread against treasuries?
High Yield spread vs the VIX Index
Global Supply Chain Pressure Index vs Consumer Price Index
How inflation was a supply side issue
Moving average of the unemployment rate as a leading indicator of recession?
Do higher ranges of market intraday highs and lows mean anything?
Next year’s earnings estimates
2024 and 2025 S&P 500 earnings estimates
Mentioned in this Episode:
Liz Young’s article showing current forward PE ratios and subsequent 10-year market annualized returns https://www.sofi.com/article/investment-strategy/liz-looks-at-wrong-calls/
US Debt Down Grade Effects | Interest Rates Effect on Option Prices | US Treasury Yield Curve Dis-inverting? | US Debt Massive Expansion https://podcasts.apple.com/us/podcast/us-debt-down-grade-effects-interest-rates-effect-on/id1432836154?i=1000623596920
Cheapest (SPX) PUT Protection You've Ever Seen? | S&P 500 Index Rebalancing | Bank of Japan Hawkishnesshttps://podcasts.apple.com/us/podcast/cheapest-spx-put-protection-youve-ever-seen-s-p-500/id1432836154?i=1000623047871
Jay Pestrichelli’s book Buy and Hedge https://amzn.to/3jQYgMt
Derek’s new book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag
Derek Moore’s book Broken Pie Chart https://www.amazon.com/Broken-Pie-Chart-Investment-Portfolio/dp/1787435547/ref=sr_1_1?keywords=broken+pie+chart&qid=1558722226&s=books&sr=1-1-catcorr
Contact Derek derek.moore@zegafinancial.com
Derek Moore and Jay Pestrichelli return this week to discuss what current forward PE rations and whether that informs future market returns. Reasons PE ratios may go up or down including earnings increasing or markets going lower. Have there been a jump in forward earnings expectations? Then they check in on the high yield spread against treasuries and relationship to the VIX Index. Later they discuss the moving average of the unemployment rate and whether that is leading or lagging as an indicator. Finally, before some recommendations, Jay and Derek take a win vs. the Fed when looking at the supply chain pressure index vs. the CPI.
What is the Forward PE Ratio definition?
What is the current forward pe on the S&P 500 Index?
Is the forward pe ratio high in relation to the 25-year average?
How markets falling or earnings rising can lower the forward PE ratio
What is the high yield spread against treasuries?
High Yield spread vs the VIX Index
Global Supply Chain Pressure Index vs Consumer Price Index
How inflation was a supply side issue
Moving average of the unemployment rate as a leading indicator of recession?
Do higher ranges of market intraday highs and lows mean anything?
Next year’s earnings estimates
2024 and 2025 S&P 500 earnings estimates
Mentioned in this Episode:
Liz Young’s article showing current forward PE ratios and subsequent 10-year market annualized returns https://www.sofi.com/article/investment-strategy/liz-looks-at-wrong-calls/
US Debt Down Grade Effects | Interest Rates Effect on Option Prices | US Treasury Yield Curve Dis-inverting? | US Debt Massive Expansion https://podcasts.apple.com/us/podcast/us-debt-down-grade-effects-interest-rates-effect-on/id1432836154?i=1000623596920
Cheapest (SPX) PUT Protection You've Ever Seen? | S&P 500 Index Rebalancing | Bank of Japan Hawkishnesshttps://podcasts.apple.com/us/podcast/cheapest-spx-put-protection-youve-ever-seen-s-p-500/id1432836154?i=1000623047871
Jay Pestrichelli’s book Buy and Hedge https://amzn.to/3jQYgMt
Derek’s new book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag
Derek Moore’s book Broken Pie Chart https://www.amazon.com/Broken-Pie-Chart-Investment-Portfolio/dp/1787435547/ref=sr_1_1?keywords=broken+pie+chart&qid=1558722226&s=books&sr=1-1-catcorr
Contact Derek derek.moore@zegafinancial.com
41 min