Search Results for: bull

S&P 500 Forward P/E Ratio S&P 500 to 3,550? “Bull markets don’t die of old age” but the forward P/E ratio of the S&P 500 remains at high level. Image: Truist

SPDR S&P 500 ETF (SPY) Short Interest Investors are excessively bullish. Short interest on the largest S&P 500 ETF is at the lowest in two years. Image: Bloomberg

Fed Funds vs. Private Sector Wage Growth The last three U.S. economic expansions ended with the Federal Reserve hiking to curb wage growth, but not this time. That’s quite bullish. Image: BofA Global Research

Chicago Fed National Financial Conditions Index and S&P 500 Financial conditions remain easy, which is historically bullish for U.S. equities. Image: BofA Global Research

S&P 500 and Moving Average When the 200-day moving average is back above the 400-day moving average, it tends to be bullish for the S&P 500. Image: Commonwealth Financial

Stoxx Europe 600 and Europe Manufacturing PMI Is the Europe manufacturing PMI rebound in the cards? European stock markets remain bullish. Image: Goldman Sachs Global Investment Research

U.S. Dollar and S&P 500 vs. MSCI World ex-U.S. BofAML suggests that the outlook for the U.S. dollar remains bullish into 2020, but if the S&P 500 is to top out relative to the rest of the world, then the U.S. dollar would likely weaken. Image: BofA Merrill Lynch Global Research

The 2020 S&P 500 Upside Level According to BofAML, history suggests a bullish setup for the S&P 500 in 2020, and a S&P 500 target of 3300-3600 in late 2020. Image: BofA Merrill Lynch Global Research

S&P 500 Around Predictable U.S. Presidential Elections History suggests that predictable elections are a non-event for the U.S. stock market. Deutsche Bank is bullish. The official S&P 500 2020 estimate is 3,250. Image: Deutsche Bank Asset Allocation

S&P 500 Index vs. MSCI EAFE Index Largely due to structural headwinds, international stocks have underperformed U.S. stocks significantly in this bull market, over the last ten years. It could continue next year as well. Image: LPL Research