Fed Quantitative Easing (QE) and NTM P/E

Fed Quantitative Easing (QE) and NTM P/E After the Fed launched quantitative easing (QE), history suggests that there is a positive correlation between QE and a rising stock market. Image: Fidelity Investments

Quantitative Easing – Net Asset Purchases for G-7 Central Banks

Quantitative Easing – Net Asset Purchases for G-7 Central Banks Net asset purchases for G-7 central banks approached $1.4 trillion in March. To put things in perspective, this is more than five times higher than the previous peak of $270 billion in April 2009. Image: Bloomberg

Does Quantitative Easing Affect Valuation?

Does Quantitative Easing Affect Valuation? More fundamentally, low interest rates, high margins, low taxes, buybacks & free cash flow drive stocks higher. Image: Fidelity Investments

U.S. Quant Mutual Funds

U.S. Quant Mutual Funds 2019 was another tough year for quant mutual funds, as just 15% beat the U.S. stock market. Image: Financial Times

S&P 500 Companies and Profit Guidance

S&P 500 Companies and Profit Guidance Over the last three months, 80% of S&P 500 companies failed to provide guidance. That’s a record going back to 2001. Image: BofA US Equity & Quant Strategy

Sell Side Consensus Indicator

Sell Side Consensus Indicator When the Sell Side Indicator has been this low or lower, median 12-month returns have been +20%, and total returns over the subsequent 12 months have been positive 94% of the time. This indicator suggests a target for the S&P 500 of 3,258 over the next 12 months. Image: BofA US…