I was wondering if market multiples for 2025 might be understated because "companies sandbag" and EPS estimates just march higher over time - so that by the time we reach January of next year, the current 2025 SPY 19x EPS multiple ends up actually being 17-18x, etc. Yeah - turns out that's not the case at all historically. Over the past 10 years, the average difference between actual EPS in any given year vs the estimate at the beginning of that year is: $SPDR 標普500指數ETF(SPY.US)$: -2% (ie...
40wk ma (red area) sloping upwards = Stage2 40wk ma (red area) sloping downwards = Stage 4 Stage 1 ---> when stocks build bases Stock stops going down, builds a base 40wk ma stops declining/flattens out Time to watch stock and gradually build position Stage 2 ---> when stocks rally/money is made Stock becomes over-extended, take partial profits Stock pulls back towards 40wk ma, add back Stage 3 ---> distribution phase/topping pattern Stock stops going ...
There are three scenarios that can be considered in the current economic atmosphere: the bull case, the bear case, and the base case. Different portfolios can be constructed accordingly to achieve desirable returns while limiting risk exposure. Here are some investment suggestions JPMorgan has outlined for those three cases. Bull Case A mix of cyclicals and commodities would be included among the overweights. Consider such as$SPDR金融行業ETF(XLF.US)$, ...
Yeah - turns out that's not the case at all historically.
Over the past 10 years, the average difference between actual EPS in any given year vs the estimate at the beginning of that year is:
$SPDR 標普500指數ETF(SPY.US)$ : -2% (ie...
40wk ma (red area) sloping downwards = Stage 4
Stage 1 ---> when stocks build bases
Stock stops going down, builds a base
40wk ma stops declining/flattens out
Time to watch stock and gradually build position
Stage 2 ---> when stocks rally/money is made
Stock becomes over-extended, take partial profits
Stock pulls back towards 40wk ma, add back
Stage 3 ---> distribution phase/topping pattern
Stock stops going ...
Bull Case
A mix of cyclicals and commodities would be included among the overweights. Consider such as $SPDR金融行業ETF(XLF.US)$, ...
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