Search Results for: wealth

S&P 500 Earnings Estimates Morgan Stanley still expects S&P 500 earnings per share of $195 in 2023 and $241 in 2024. Image: Morgan Stanley Wealth Management

S&P 500 – Top 10 U.S. Companies by Market Capitalization Relative to Total The top 10 U.S. companies represent approximately 35% of the S&P 500 Index in terms of market capitalization, which can be a concern for investors in terms of diversification. Image: Morgan Stanley Wealth Management

Treasury General Account Issuance U.S. Treasury issuance is expected to increase after the debt ceiling agreement, which could drain liquidity from the system. Image: Morgan Stanley Wealth Management

U.S. Job Openings vs. U.S. Implied Earnings Growth The decline in U.S. job openings may not bode well for earnings growth. Image: Morgan Stanley Wealth Management

Inflation – U.S. Core PCE The high U.S. core PCE inflation of 4.6% in March does not yet support terminating the Fed hiking cycle. Image: Morgan Stanley Wealth Management

S&P 500 Price Target Morgan Stanley forecasts that the S&P 500 will achieve a level of 3,900 by the end of 2023 as their base case scenario. Image: Morgan Stanley Wealth Management

Inequality – Inflation Adjusted U.S. Household Net Worth by Brackets Wealth inequality has reached unprecedented levels in recent times. The wealth gap between the top 10% and the bottom 90% has exploded. Image: Real Investment Advice

Recessions and Conference Board Consumer Confidence Index Expectations Less Present Situation Historically, low consumer confidence expectations have not been a positive sign for the U.S. economy. Image: Morgan Stanley Wealth Management

One-Year U.S. Treasury Credit Default Swap Spread The one-year U.S. Treasury credit default swap spread is currently twice what it was during the 2011 and 2013 debates over the debt ceiling, indicating that there is greater concern in the market about the risk of default. Image: Morgan Stanley Wealth Management

Valuation – S&P 500 PE Ratio and Bond Yields Bond yields have an impact on the equity market multiple. Image: Richardson Wealth