Τα Διαγράμματα της ημέρας

Goldman has cut end-2022 S&P 500 target to 4900 from 5100 due to higher rates & lower valuation. Stick to 2022 S&P 500 EPS est of $226 (+8% YoY) & lift 2023 EPS est to $240 (+6% YoY). BUT higher inflation will lead to lower forward P/E multiple of 20x, below prev forecast of 22x

00:01 - 15/02/22

Positive again the new normal? Volume of negative-yielding debt has crashed <$5tn for the 1st time since 2015

5000-years history of interest rates

Holger Zschaepitz: Good morning from Germany, where Japanification narrative continues to be in tact, even after recent sharp rise in interest rates. 10y bund yields continue to follow in footsteps of Japan in the 1990s/2000s. Only when yields sustainably rise >2% would the narrative be in question

Most Americans think there's never been a worse time to buy a house