Brian Gilmartin | Jun 21, 2020 04:28AM ET
Here’s a quick rundown of the weekly stats:
The S&P 500 rise 1.8% this week and corporate bond returns improved this week, both of which are positive for capital markets. The S&P 500 earnings revisions continue to bode well for “expected, future returns” for the S&P 500, but that isn’t a prediction, simply an observation.
The S&P 500 earnings yield continues to sit at depressed levels at 4.14%, but if we plugged in next quarter’s “forward 4-quarter estimate” of $143.20, the S&P 500 earnings yield jumps to 4.6% versus the 4.1% today.
Nike (NYSE:NKE) and Accenture (NYSE:ACN) report this week, and then FedEx (NYSE:FDX) and Micron Technology (NASDAQ:MU) next week. Nike will give is a look into China.
All of this can change very quickly, and it’s one opinion, so invest according to your own financial profile.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.