Trial DataTrek Morning Briefings for Free

Thousands of investors and financial journalists rely on Nick and Jessica’s newsletter every day for their thought-provoking work on markets, data and disruption. See why for yourself by starting a 2-week FREE trial below.


MarketWatch: “The 2021 stock-market highs are ‘almost certainly’ in, unless earnings clear this bar”

By admin_45 in IN THE NEWS MarketWatch: “The 2021 stock-market highs are ‘almost certainly’ in, unless earnings clear this bar”

Excerpt from MarketWatch quoting DataTrek co-founder Nick Colas:

.... "The companies of the S&P 500 need to beat by an aggregate 10 percentage points this quarter, or we’ve almost certainly seen the highs on U.S. equity markets for the year,” said Nicholas Colas, co-founder of DataTrek Research, in a Monday note...

...Colas noted that companies in the S&P 500 reported earnings of $53 a share in the second-quarter. If that ends up being the post-pandemic peak, then U.S. large-cap stocks are “clearly overvalued” at 21 times earnings (a 4,400 S&P 500 divided by $53 and multiplied by four).

After all, Colas asked, “Who pays +20 (times) for declining earnings power? No one"....

Read the full article here on MarketWatch!

Trial DataTrek Morning Briefings for Free

Thousands of investors and financial journalists rely on Nick and Jessica’s newsletter every day for their thought-provoking work on markets, data and disruption. See why for yourself by starting a 2-week FREE trial below.