$VIX +51% … on pace for biggest daily spike since November 2021 pic.twitter.com/jjf4BdiEBr
— Daily Chartbook (@dailychartbook) August 2, 2024
Short-term, market ignores valuations, driven by momentum. Eventually, gravity will reassert itself.
"The S&P 500’s price to peak earnings multiple hit 25.9, its highest level since 2000 and 50% above the historical median (17.2)."@charliebilello pic.twitter.com/h6xbEtbtFg
— Daily Chartbook (@dailychartbook) August 1, 2024
"We are not in the 'hard landing camp for the Tech sector, but even those who believe in it note that S&P 500 equal weighted peaked 15 months after the peak of the Tech valuation bubble in March 2000."
– SocGen Kabra pic.twitter.com/6ULgfbtxEa
— Daily Chartbook (@dailychartbook) July 31, 2024
“If it’s felt like a volatile earnings season, that's because it is. In fact, this has been the most volatile earnings season since the financial crisis.”
GS Garrett via @LJKawa pic.twitter.com/3MQBjw1lOu
— Daily Chartbook (@dailychartbook) August 2, 2024