Based on the CFA level 2 Curriculum model of fundamentally justified P/E ratio – “price multiples in terms of fundamentals” – I have calculated a current fundamentally justified P/E ratio of S&P 500 index at the level of 15x

By: Michal Stupavsky

We all know that it is dangerous for investors to think and say “this time is different”. But once in a long while things can and do play out very differently from their historical patterns.

By: Chen Zhao

Market still pricing in rather significant odds of a Fed rate cut in March.

By: Liz Ann Sonders

🤯 This Mind-Blowing Chart Reveals Why US Stocks Face A Tough Long-Term Outlook

By: Reda Farran, CFA

S&P 500 trades at a historically elevated valuation on both an aggregate and equal-weighted basis. Further valuation expansion is unlikely without a surprising further decline in yields.

By: David Kostin

How to prepare for client presentations 👨🏫?

By: Chris Teschmacher, CFA

The scary part about 🇺🇸 equity return attribution 😲

By: Harald Berlinicke, CFA

Tale of two volatility metrics: VIX (blue) is sitting below its long-term average (using past 2 decades' worth of data) while MOVE (orange) is sitting above its long-term average…

By: Liz Ann Sonders

Priced for perfection?  

Hold on, before you get all gloomy –  

By: Wei Li