Daily Charts - Earnings Yield vs Cash Rate
1.Earnings Yield vs Cash Rate -- should we be concerned?
Historically
>> Low/negative = bad
>> High/positive = good $.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$
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2.Seems most people only talk about valuations from an absolute sense (is the market cheap/expensive vs history, by itself)
But do NOT forget about *relative value*
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3.Remember "Sell in May" ?
What they don't tell you is you have to come back, and it's statistically time to come back... Nov-Apr is the best seasonal patch of the calendar for stocks whether bull or bear
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4.Renewable Energy Equities?
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5.Another interesting chart on #CreditSpreads -- the $Cboe Volatility Index(VIX)$ has very different things to say about equity risk then credit spreads do about credit risk...
Credit too complacent?
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6.Passing of the generational Wealth torch
-young always feel poor
-old folk always seem rich
-yes some things are different
-but the patterns and paths are similar
Some will say it's not and that we have things harder, and maybe we do, but I would say that ignores what's more similar than different in the path... and more to the point represents a sinful discarding of agency.
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