Factset:
The trailing 12-month P/E ratio for
SPX
of 19.8 is below the 5-year average (22.6) and below the
10-year average (20.6) |
00:01 -
08/03/23 |
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The 6-month US Treasury yield has moved up to 5.22%, its
highest level since August 2006. A year ago this yield was
at 0.69% and two years ago it was at 0.07% |
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Libor just surpassed 5% for the first time in more than 15
years. |
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The pandemic murder wave has crested. Homicides were down in
the US in 2022 and continue to fall in the biggest cities |
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Consumer expectations for euro-zone inflation receded
“significantly,” bolstering calls for the pace of ECB
interest-rate increases to be slowed |
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