Author: isabelnet

Returns – Dow Jones 11-Day Win Streaks Historically, bulls smile when the Dow Jones achieves an 11-day winning streak. Image: Carson Investment Research

Duration and Magnitude of Major Nonrecessionary S&P 500 Index Declines According to Morgan Stanley, the current bear market rally in U.S. equities remains within historical norms. Image: Morgan Stanley Wealth Management

Oil – Brent Fair-Value Model J.P. Morgan expects Brent oil prices to exit the year at $86/bbl. Image: J.P. Morgan

Returns – Dow Jones Eight Day Win Streaks In bull markets, it is common for the Dow Jones to have winning streaks lasting eight days. Image: Carson Investment Research

FMS Investors and Profit Expectations FMS global profit expectations are now more optimistic than they have been since February 2022. Image: BofA Global Fund Manager Survey

S&P 500 Performance 1-Year After Midterm Elections Historically, the S&P 500 Index has been higher a year later every time after midterm elections in November. Image: Carson Investment Research

GAAP Earnings vs. PPI to CPI Spread The PPI to CPI spread suggests that there could be ongoing pressure on earnings. Image: Real Investment Advice

ISM Manufacturing New Orders vs. U.S. 12-Month Trailing EPS Growth ISM Manufacturing New Orders tend to lead U.S. 12-month trailing EPS growth by 3 months. Image: Morgan Stanley Wealth Management

Revision to Consensus S&P 500 3Q EPS 2Q EPS fell by just 2% over the last 3 months, compared to the usual 4%. Image: BofA US Equity & Quant Strategy

U.S. EBIT Margin vs. ISM Manufacturing Prices Paid Index Profit margins are rarely sustained by falling inflation. Image: Morgan Stanley Wealth Management

Valuation – S&P 500 P/E, S&P Equity Risk Premium and U.S. 10-Year Treasury Yields Significant multiple expansion in the absence of a corresponding increase in earnings growth can generally be a warning sign that U.S. stocks are getting too expensive. Image: Morgan Stanley Research