🇺🇸 Return
The S&P 500 equal-weighted index has a more attractive valuation and potential for broader profit growth, suggesting it could outperform the S&P 500 market-cap weighted index in the near future
👉
@GoldmanSachs
#returns
#sp500
$spx
#spx
$spy
📌 Performance
Given US equities near extreme peaks compared to global stocks, should long-term investors consider reallocating more of their portfolio to global ex-US stocks instead of heavily investing in US equities?
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ht
@BofAML
$spx
#MSCI
#equities
"When Markets Speak" - Best Seller on Amazon.
The Epilogue -- Chapter
#1
.
I was sitting there in Omaha, across the table from Charlie Munger, one of the all-time greats. I'll never forget this line. He said,
"Larry - if all you ever did was buy high-quality stocks on the
🇺🇸 Returns
US small caps have a track record of outperforming larger companies over extended periods, with potential for a resurgence in performance based on valuation, profitability, and historical trends
👉
h/t
@MikeZaccardi
$rut $spx
#spx
Want to see a wild chart? This is the boldest outperformance by stocks who pay a 0% dividend since the data commenced in 1927. If we get a mean reversion of any magnitude on this thing, you can say goodnight to the growth-at-any-price framework that is so commonly embraced.
Why did the S&P 500 total return lag T-bills from 1929-1947, 1968-1985, and 2000-2013?
Why did it lag Treasury bonds from 1929-1950, 1968-1987, and both 1998-2020 and 2007-2020?
Answer: Extreme starting valuations. Yellow bubbles.
Not a timing tool. Not a forecast, Just FYI.
Bonds to Beat Stocks:
Bonds will disproportionately benefit in the event that recession does indeed set in. The leading indicator affirms this notion in the chart below...
Catherine LeGraw, Portfolio Strategist for the Asset Allocation team, shared insights at the
@TEXPERS1
2023 Summer Educational Forum. Topics included opportunities in deep value and the global competition for natural resources.