March 26, 2014

Are stocks getting stretched?


This month we're observing the fifth anniversary of the US equity bull market, which started after the S&P 500 Index troughed at 676 on 9 March 2009. With events in Ukraine and other geopolitical hotspots to distract us, we may not have celebrated with cake and candles, but we’ve reached an important milestone.

Are we on track for another year of stock gains, or have we reached the market top? Let’s take a look at some equity valuation measures to see where we stand.

 

March 17, 2014

Will margins and profits peter out?


Right now we’re seeing signs of stress in the markets. The US economy seems to be softening. Emerging market worries, rough weather and inventory buildups have certainly contributed to the slowdown — not to mention the tense situation between Russia and Ukraine, and the uncertainty about what steps the rest of the world will take in response.