US Equities Snapshot
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US Equities Snapshot
30 charts on the US stock market
The following is the fourth in a new series of themed reports DC will be publishing regularly for paid subscribers.
The goal of these reports is to hone in on and provide a "snapshot" of a specific area of the economy/markets.
1. ATHs. Both the S&P 500 and Nasdaq-100 closed at new monthly highs in May.
2. Sector performance. The Utilities sector is leading the way YTD. Just ~6 weeks ago it was slightly negative on the year and the 3rd worst performing sector.
3. SPX valuation. The S&P 500 trades at 20.3x forward earnings, which is above both the 5- (19.2) and 10-year (17.8) averages.
4. SPX sector valuations. The Tech, Discretionary, and Industrial sectors are trading at a premium to the index on a NTM P/E basis.
