Nerd's Eye View

JANUARY 3, 2024

Businesses are also feeling the pinch from higher interest rates, as November saw a rapid increase in the number of Chapter 11 commercial bankruptcies. Moreover, historically extreme valuations in a small handful of mega-cap stocks that account for about 30% of the market weight in the S&P 500 (i.e.,

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Abnormal Returns

FEBRUARY 16, 2023

bloomberg.com) Bitcoin is at its highest level since June 2022. howardlindzon.com) Private assets Why private equity needs much better valuations. apricitas.io) There are a near-record number of housing units currently under construction. Markets The FTSE 100 Index has risen above 8,000 points for the first time ever.

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The Big Picture

JANUARY 24, 2023

Fortune ) see also How top CEOs from Elon Musk to Tim Cook tackled the big return-to-office in 2022 : The world edged closer to learning to live with COVID-19 in 2022, and as it did, an increasing number of pandemic restrictions were lifted. Expectations for Q4 S&P 500 earnings have plunged from 4.8%

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Carson Wealth

APRIL 8, 2024

Pockets of attractive valuations exist despite above-average valuations in some high-profile areas of the market. gain, but not a bad number by any means. However, a break in early 2022 indicated elevated odds that the rest of the year could be dicey. Following the huge 11.2% median return.

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Diamond Consultants

JUNE 1, 2023

Here are 3 valuation scenarios to address that curiosity. Focus Financial Partners, the largest investor in the independent space, is being taken private at a $7B valuation. Prolific RIA acquirer CI Financial recently monetized a stake in their business at a $5B valuation. Those are some eye-popping numbers.

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Carson Wealth

FEBRUARY 26, 2024

Another data point from the recent GFS caught our attention: The number of managers looking for ‘no landing’ is rising. We see that all over NVIDIA’s earnings numbers. NVIDIA’s Growth Story Jumps Out from the Numbers NVIDIA’s fourth quarter earnings report was impressive across the board. billion in the fourth quarter of 2022.

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Cornerstone Financial Advisory

NOVEMBER 14, 2022

A cooling inflation number ignited a powerful rally on Thursday, sending stocks to strong gains for the week. Both numbers were below market expectations of 0.6% A look behind the numbers shows that October’s 7.7% Source: Econoday, November 11, 2022 The Econoday economic calendar lists upcoming U.S. Inflation Moderates.

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Cornerstone Financial Advisory

SEPTEMBER 19, 2022

Instead, the elevated inflation number not only undercut those easing hopes but raised the possibility of a more significant rate hike. That number was well above the 5.9% Source: Econoday, September 16, 2022 The Econoday economic calendar lists upcoming U.S. The Wall Street Journal, September 16, 2022. year-over-year.

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Advisor Perspectives

JANUARY 18, 2023

There were 264 transactions in 2022. But 2022 ended with a slower fourth quarter, 20% below last year's blockbuster Q4 total. We'll get into the details beneath the numbers with David DeVoe in this podcast. M&A activity was nearly 10% higher than last year's 241 transactions.

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Cornerstone Financial Advisory

DECEMBER 12, 2022

But stock prices were under pressure Friday following a disappointing Producer Price Index (PPI) number. Though the PPI number dented the optimism around cooling inflation, November’s PPI report represented an improvement from its 11.7% Source: Econoday, December 9, 2022 The Econoday economic calendar lists upcoming U.S.

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Cornerstone Financial Advisory

AUGUST 15, 2022

Bureau of Labor Statistics released a better-than-expected Consumer Price Index (CPI) number, with buying momentum building throughout the trading session. Source: Econoday, August 12, 2022 The Econoday economic calendar lists upcoming U.S. Source: Zacks, August 12, 2022 Companies mentioned are for informational purposes only.

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Cornerstone Financial Advisory

OCTOBER 10, 2022

In a sign of cooling, the number of open jobs in August fell 10%, while a subsequent report from Automated Data Processing (ADP) showed continued labor market strength. Source: Econoday, October 7, 2022. Source: Zacks, October 7, 2022. The Wall Street Journal, October 7, 2022. The Wall Street Journal, October 7, 2022.

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Cornerstone Financial Advisory

NOVEMBER 28, 2022

Source: Econoday, November 25, 2022 The Econoday economic calendar lists upcoming U.S. Source: Zacks, November 25, 2022 Companies mentioned are for informational purposes only. The Wall Street Journal, November 25, 2022. The Wall Street Journal, November 25, 2022. The Wall Street Journal, November 25, 2022.

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Cornerstone Financial Advisory

AUGUST 22, 2022

Despite the week’s losses, stocks exhibited resiliency in the face of a string of troubling economic news that included flat retail sales, weak housing numbers, an inversion in the yield curve, and tepid economic data out of China. Source: Econoday, August 19, 2022 The Econoday economic calendar lists upcoming U.S. New Home Sales.

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Cornerstone Financial Advisory

JULY 11, 2022

Employers added 372,000 jobs in June, a number that was above economists’ estimates of 250,000. Source: Econoday, July 8, 2022 The Econoday economic calendar lists upcoming U.S. Source: Zacks, July 8, 2022 Companies mentioned are for informational purposes only. There can only be one of each number in each row and column.

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Cornerstone Financial Advisory

DECEMBER 5, 2022

And Job Numbers Cheer Markets. Source: Econoday, December 2, 2022 The Econoday economic calendar lists upcoming U.S. Source: Zacks, December 2, 2022 Companies mentioned are for informational purposes only. The Wall Street Journal, December 2, 2022. The Wall Street Journal, December 2, 2022. IRS.gov, July 11, 2022.

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Cornerstone Financial Advisory

NOVEMBER 21, 2022

Source: Econoday, November 18, 2022 The Econoday economic calendar lists upcoming U.S. Source: Zacks, November 18, 2022 Companies mentioned are for informational purposes only. The Wall Street Journal, November 18, 2022. The Wall Street Journal, November 18, 2022. The Wall Street Journal, November 18, 2022.

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James Hendries

AUGUST 30, 2022

The numbers. Some of the key numbers include: Estimates for S&P 500 earnings per share (EPS) growth coming into reporting season were around 4.1%. That number looks like it will end up at around 6.2%, according to FactSet estimates [Figure 1]. Figure 2 shows how resilient 2022 earnings estimates have been.

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James Hendries

JANUARY 13, 2023

Here are some of our lessons learned from 2022. One of the lessons learned in 2022 was to never underestimate our central bank’s resolve to squelch inflation. At the start of 2022, markets expected the upper bound of the fed funds rate to stay below 1%. economy to avoid recession, and support above-average valuations.

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Trade Brains

JULY 12, 2022

Many times, while picking stocks you might have wondered why people are buying the stocks which are trading at a high valuation whereas conceptually most intelligent investors are looking for a low valuation and lower PE. The high valuation of these stocks is justified with the earnings as they grow very fast year after year.

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Cornerstone Financial Advisory

OCTOBER 17, 2022

An above-consensus consumer inflation number sent stocks tumbling in early Thursday trading before inexplicably surging higher in a stunning reversal that saw the Dow Jones Industrial Average rally 1,500 points from its intraday low. Source: Econoday, October 14, 2022. Source: Zacks, October 14, 2022. CNBC, October 13, 2022.

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James Hendries

OCTOBER 18, 2022

That means that the other 10 S&P sectors will likely see an earnings decline even if numbers come in better than expected, as they almost always do. While the pundits are mostly focused on what can go wrong this earnings season, there are several reasons to expect the numbers for this quarter to be decent. There are Some Positives.

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Cornerstone Financial Advisory

JUNE 27, 2022

Source: Econoday, June 24, 2022 The Econoday economic calendar lists upcoming U.S. Source: Zacks, June 24, 2022 Companies mentioned are for informational purposes only. There is a four-year limit on claiming the AOTC but no limit on the number of years you can claim the LLC. The Wall Street Journal, June 24, 2022.

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Cornerstone Financial Advisory

AUGUST 8, 2022

Source: Econoday, August 5, 2022 The Econoday economic calendar lists upcoming U.S. Source: Zacks, August 5, 2022 Companies mentioned are for informational purposes only. Payers may receive a notice if their return is missing a Taxpayer Identification number, has an incorrect name, or both. CNBC, August 5, 2022.

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Validea

NOVEMBER 9, 2022

But if 2022 has taught us anything, it should be that few predicted some of the most important trends that influenced markets and investors’ portfolios over the last year. After 15 years of mostly falling interest rates, yields took off in early 2022. Up until 2022, the 60/40 stock-bond portfolio was a stalwart investment strategy.

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James Hendries

SEPTEMBER 7, 2022

The difficult 2022 for stocks may not get much easier because as we now wait for better news on the inflation front, we have to contend with a seasonally weak month of September. Still, we could see potential upside for stocks over the balance of 2022. What’s Next? – August 22, 2022. Technical analysis perspective.

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James Hendries

DECEMBER 4, 2022

Retail sales data from the Census Bureau (we focus on the Retail Sales excluding Food Service, Autos, Building Materials, and Gas Stations statistics) has shown year-over-year growth, slow from the average mid-teens numbers seen in 2021, to a still healthy upper-single digits number in 2022 [Figure 2]. IMPORTANT DISCLOSURES.

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James Hendries

SEPTEMBER 13, 2022

Since last year, the number of part timers who would prefer a full time job is steadily declining. One risk is the high number of workers in temporary help services since these jobs often are the first to go during times of economic uncertainty. Earnings Recap: Still Hanging In There – August 29, 2022. Home Sales Fall (Again).

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Brown Advisory

NOVEMBER 28, 2022

2022 Year-End Planning Letter: Reflections and Perspectives ajackson Mon, 11/28/2022 - 11:10 The end of the calendar year is traditionally a time of reflection, and for us it is a chance to sit with clients, review progress, discuss the events shaping the investment landscape, and revisit goals for both the near term and the long term.

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Brown Advisory

NOVEMBER 28, 2022

2022 Year-End Planning Letter: Reflections and Perspectives. Mon, 11/28/2022 - 11:10. Unfortunately, 2022 has been a painful experience for many. Unfortunately, 2022 has been a painful experience for many. In brief, 2022 was an extremely challenging year. Valuations. Interest Rates on Intra-Family Loans.

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James Hendries

AUGUST 15, 2022

We won’t predict a soft landing, but there is a plausible scenario where a mild recession comes in 2023, the S&P 500 does not retest its June 2022 lows, and stocks are nicely higher in a year. Our year-end 2022 fair value S&P 500 target of 4,300-4,400 is 5% above the August 5 closing price at the midpoint. Conclusion.

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David Nelson

JANUARY 3, 2023

The number of job openings could come in below 10 million but would still be elevated in comparison to pre-pandemic levels. The number of job openings could come in below 10 million but would still be elevated in comparison to pre-pandemic levels. Growth vs Value 2022. Let’s call that Miracle #1. That would be Miracle #3.

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The Big Picture

JULY 26, 2022

What makes Graham so interesting is while everybody else in the world of private equity is focused on the analytics and crunching numbers and creating econometric models that will tell you where to invest, I think they’ve found a very different model that has been extremely successful for them, where the key focus is on talent.

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James Hendries

OCTOBER 7, 2022

in September, temporarily breaking below the June 2022 closing low. It is expressed as a number of years. It is also a major component used to calculate the price-toearnings valuation ratio. Surging interest rates, a likely recession in Europe, and concerns about a potential U.K. The S&P 500 Index tumbled 9.3%

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Carson Wealth

JUNE 17, 2024

There is a more cyclical element related to valuations, but over time the impact of valuations tends to average out to near flat. The most well-known valuation measure is the price-to-earnings ratio (P/E), which captures the amount investors are willing to pay for a dollar of current earnings as a kind of proxy for long-term earnings.

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Validea

JANUARY 19, 2023

Quick Links Warren Buffett Portfolio High Momentum Stocks Low Volatility / Conservative Stocks Multifactor strategies blend a variety of factors, reaching for long-term outperformance, and the funds can offer exposure to a number of different traits. Investors were overpaying for future prospects, reducing their overall returns.

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The Big Picture

SEPTEMBER 3, 2024

Heather comes from with a fascinating background, having previously been in a number of other places, most notably Morningstar, and, and she has a very specific approach to investment management and thinking about stock selection. They do a number of things at Diamond Hill that many other investment shops don’t.

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