The long wait between S & P 500 all-time highs is a friendly factor for forward performance, as far as historical observations go.
John Kolovos of Macro Risk Advisors says, "It is OK to be bullish on the stock market (S & P 500) just not the market of stocks (everything else)," from a trend-following perspective.
Barry Knapp of Ironsides Macroeconomics calculates that the equal-weight S & P is one standard deviation cheap versus the market-cap-weighted index.
Remarkably, the S & P 500 first pushed above 19-times forward earnings exactly four years ago, right before the Covid crash.
Well, the S & P 500 has delivered an annualized total return near 11% in the four years since.
Persons:
Ned Davis, Wayne Whaley, Whaley, I've, haven't, John Kolovos, Barry Knapp, Knapp, USTs, it's, hasn't
Organizations:
Ned Davis Research, Foresight, Federal, noncommittal, Nvidia, Nasdaq, Deutsche Bank