…an independent advisory firm building wealth with active portfolio management

Category: 3. Trends

  • Only the VALUATION has changed

    In recent weeks as the market has moved into correction status, it’s important to remember that the fundamentals haven’t changed- only the valuation.  The S&P500 is still likely to earn around $124 this year.  Last month investors were willing to pay a higher premium, more than 16.5 times forward earnings.  Today the valuation has dropped…