U.S. Dollar Index and Purchasing Power Parity Fair Value
U.S. Dollar Index and Purchasing Power Parity Fair Value According to the measure of Purchasing Power Parity fair value, the U.S. dollar remains overvalued. Image: BCA Research
Small Caps Valuation – Russell 2000 “Fair Value”
Small Caps Valuation – Russell 2000 “Fair Value” Is the massive outperformance of small caps coming to an end? Image: Morgan Stanley Research
Actual and Fair Value Estimate of the S&P 500 Index Level
Actual and Fair Value Estimate of the S&P 500 Index Level The fair value model from J.P. Morgan sees upside for the S&P 500 in 2021. Image: J.P. Morgan
U.S. 10-Year Treasury Fair Value Adjusted for QE
U.S. 10-Year Treasury Fair Value Adjusted for QE A potential “blue wave” could add fuel to the bear steepening in the U.S. Treasury curve. Image: Oxford Economics
U.S. Dollar Index vs. Medium-Term Fair Value
U.S. Dollar Index vs. Medium-Term Fair Value The U.S. dollar continues to be below medium-term fair value levels over the business cycle. Image: BofA Global Research
U.S. 10-Year Yield vs. GDP + CPI Model Fair Value
U.S. 10-Year Yield vs. GDP + CPI Model Fair Value Are higher Treasury yields coming, as suggested by this model? Image: TS Lombard
Valuation – U.S. 10-Year Treasury Yield vs. Fair Value
Valuation – U.S. 10-Year Treasury Yield vs. Fair Value Chart suggesting that U.S. 10-year Treasuries are extremely overvalued. Image: BCA Research
U.S. Retail Sales and Food Services vs. Fair Value Model
U.S. Retail Sales and Food Services vs. Fair Value Model After disappointing U.S. retail sales in September, this chart provides a good forward guide for U.S. consumer spending. The Fair Value Model leads consumption and includes: ASA Staffing Index (temps), spread between good unemployment (job leavers) and bad unemployment (job losers), and forward-looking income expectations.…
Leon Cooperman: Bull Market Cycles Don’t End at Fair Valuation, They Ended at Overvaluation
Leon Cooperman: Bull Market Cycles Don’t End at Fair Valuation, They Ended at Overvaluation “There is still more room for the market to run. We have a slowdown but not a recession and the market is ok.” Leon Cooperman (Omega Advisors founder) is a great value investor. https://www.youtube.com/watch?v=Xz6ihkuW1AM
Outlook 2020: S&P 500 Target, GDP Growth Estimate and 10-Year U.S. Treasury Yield
Outlook 2020: S&P 500 Target, GDP Growth Estimate and 10-Year U.S. Treasury Yield LPL expects 1.75% U.S. GDP growth in 2020. The S&P 500 Index fair value target range is 3,200–3,300 by year-end 2020, and the 10-year U.S. Treasury yield target range is 2-2.25%. Image: LPL Financial LLC