Insights

Viewed through the prism of absolute PE’s the US (like most markets) has witnessed a rollercoaster in PE valuations since hitting a peak in April 2021

The strong headline FT Wilshire returns do not reflect market undercurrents

As we approach the middle of the year increasing attention is given to the EPS outlook beyond year end 2023

2023 has witnessed some key inflection points and reversals in market behavior compared with the 2022

An important second order effect resulting from the collapse of Silicon Valley Bank (SVB) ...

The +7.3% return in Q1 was delivered in three distinct phases

Share buybacks in the US have been a key feature of market dynamics during the post-GFC period...

The collapse of Silicon Valley Bank (SVB) and fears of contagion have hit global bank stocks, rippling through to wider risk off market sentiment

While the FT Wilshire 5000 adopted a risk off tone in February…

The improvement in risk appetite in recent months has been underpinned by a 'Goldilocks' scenario of easing financial conditions

The FT Wilshire 5000 has appreciated 14.5% from the mid-October low

Markets are convinced that inflation has already peaked and that interest rates should follow suit by Q2 this year.