Valuation – S&P 500 Price-to-Book Ratio
Valuation – S&P 500 Price-to-Book Ratio Fueled by AI optimism, the S&P 500’s price-to-book ratio hit 5.3 in 2024, proving that Wall Street can party like it’s 1999… again. Image: Bloomberg
Valuation – S&P 500 Price-to-Book Ratio Fueled by AI optimism, the S&P 500’s price-to-book ratio hit 5.3 in 2024, proving that Wall Street can party like it’s 1999… again. Image: Bloomberg
Gold Price Forecast Goldman Sachs forecasts gold will reach US$3,000 per ounce by late 2025, driven by central bank purchases, anticipated Fed rate cuts, and ongoing geopolitical tensions, differing slightly from futures market expectations. Image: Goldman Sachs
Valuation – Shiller Cyclically Adjusted Price/Earnings Ratio U.S. equity valuations have benefited from structural tailwinds but have recently overshot, leading to concerns about overvaluation, particularly in large-cap and growth stocks. Image: Goldman Sachs Global Investment Research
S&P 500 Price Forecast JPMorgan has shifted to a bullish outlook on U.S. stocks, setting a 2025 year-end S&P 500 target of 6,500, driven by U.S. economic strength, AI sector growth, a robust labor market, and monetary easing by central banks. Image: Bloomberg
S&P 500 Price Target Following the U.S. elections, strategist Ed Yardeni has raised his S&P 500 targets to 6,100 for 2024, 7,000 for 2025, 8,000 for 2026, and predicts it will reach 10,000 by the end of the decade. Image: Bloomberg
U.S. Federal Debt Growth and Gold Price While the increase in U.S. federal debt has traditionally correlated with higher gold prices, multiple other factors significantly influence gold’s market value. Image: Deutsche Bank
Gold Spot Price Per Ounce Since 1920 The combination of soaring national debt, geopolitical instability, and concerns over currency devaluation creates a robust environment for gold prices to thrive. Image: BofA Global Investment Strategy
Performance – Price Ratio of Emerging Markets to U.S. Equities Since the global financial crisis, emerging market equities have continuously underperformed U.S. equities, leading to the current situation where the ratio between the two is at its lowest since 1969. Image: BofA Global Investment Strategy
Brent Crude Oil Prices Recent geopolitical tensions have led to significant fluctuations in Brent crude oil prices, marking the largest weekly increase since April, exacerbating inflation concerns as the rising energy costs ripple through the economy. Image: Deutsche Bank
S&P 500 Average Annual Price Return Historical data indicates that during positive years, the S&P 500 typically achieves substantial gains, averaging an annual return of 19.0% since 1928. Image: Carson Investment Research
U.S. vs. Developed Market Equities (ex-US) Price Relative While there is potential for U.S. equities to maintain their lead in the near term due to strong earnings and market dynamics, historical cycles suggest that this dominance may wane as international markets recover and valuations adjust. Image: BofA Global Investment Strategy