Sentences with phrase «in equity market valuation»

Both times, heeding this trend paid dividends in the sense that they both led downturns in both economic activity and in equity market valuation.

Not exact matches

«The bear market in valuations has already begun and supports our overall view that the next cyclical bear market in US equities may have already begun, but is being masked by an index price level that has fallen only 12 % thanks to the adrenaline shot to EPS from tax.»

«The level of valuations in the equity markets are not bubbles, but it's tough to argue any of the components of equity markets are undervalued globally, with the best example being the U.S.,» Davis told CNBC.

«The current equity market valuation is certainly stretched in historical terms but it does not appear unreasonable based on the high level of corporate profitability,» he said.

Valuations in equity markets have been high and can't be justified by company fundamentals, Allianz CEO Oliver Bate said.

«Equity markets have really been buoyant for a long time now and valuations are extremely high, higher than you can actually justify based on fundamentals,» Allianz Chief Executive Oliver Bate told CNBC Saturday at the China Development Forum in Beijing.

The determination of Albertsons» majority owner, private equity firm Cerberus Capital Management LP, to carry out the IPO despite volatility in the stock markets underscores its confidence that it can fetch a high valuation for Albertsons.

yields will hit the highs on close end of the day... equity markets setting up to be slammed tomorrow maybe but today they have run over weak shorts in the face of rates... the federal reserve see's this and again will wonder if they are behind on hikes, strong data, major expansion in credit, lack of wage growth rising bond yields and ballooning debt... rates will go much higher and equities will have revelations as to what that means for valuations

If every valuation metric I can find didn't suggest the domestic equity (and real estate) market is historically expensive, I'd try to follow Buffett's advice for his wife's estate and put 90 % of my assets in broad market equity index funds.

Broadly, we still prefer equities over credit due to strong earnings growth, modestly cheaper valuations following last month's swoon and market's pricing in expectations of Fed rate increases.

Yet Franklin Equity Group's Coleen Barbeau thinks equity valuations, particularly in the US market, already reflect that rosy ouEquity Group's Coleen Barbeau thinks equity valuations, particularly in the US market, already reflect that rosy ouequity valuations, particularly in the US market, already reflect that rosy outlook.

Equity markets have appreciated sharply in recent years, and valuations, based on price - to - earnings ratios, in developed markets were not cheap relative to their historical averages as of late 2017.

«As alluded to earlier when discussing the long - term upward drift in CAPE, another related but distinct headwind for contrarian stock market timing in the second half of our sample has been the decades - long valuation drift in post-World War II equity markets, over which the CAPE gradually doubled.

Along with the steepest equity valuations in U.S. history outside of 1929 and 2000 (on measures that are actually reliably correlated with subsequent market returns), private and public debt burdens have reached the most extreme levels in history.

«M&A activity globally is very high, which is common in the late stages of an equity bull market as both private equity and corporate owners look to cash in on rich valuations,» Lait explains.

Indeed, in the past, U.S. equity markets have been more resilient to tightening monetary conditions if valuations were flat or lower over the preceding 12 months.

«Many participants reported that their contacts had taken the previous month's turbulence in stride, although a few participants suggested that financial developments over the intermeeting period highlighted some downside risks associated with still - high valuations for equities or from market volatility more generally,» the minutes said.

But private equity valuations are too high now, and the government doesn't want foreigners in the distressed real estate market.

At this point, obscene equity valuations are already baked in the cake on valuation measures that are reliably correlated with actual subsequent stock market returns.

We believe valuations of select emerging - country equity and sovereign bond investments remain attractive relative to those available in developed markets.

Last week, the U.S. equity market climbed to the steepest valuation level in history, based on the valuation measures most highly correlated with actual subsequent S&P 500 10 - 12 year total returns, across a century of market cycles.

Given the absence of a public trading market of our common stock, and in accordance with the American Institute of Certified Public Accountants Accounting and Valuation Guide, Valuation of Privately - Held Company Equity Securities Issued as Compensation, our board of directors exercised reasonable judgment and considered numerous and subjective factors to determine the best estimate of fair value of our common stock, including independent third - party valuations of our common stock; the prices at which we sold shares of our convertible preferred stock to outside investors in arms - length transactions; the rights, preferences, and privileges of our convertible preferred stock relative to those of our common stock; our operating results, financial position, and capital resources; current business conditions and projections; the lack of marketability of our common stock; the hiring of key personnel and the experience of our management; the introduction of new products; our stage of development and material risks related to our business; the fact that the option grants involve illiquid securities in a private company; the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the prevailing market conditions and the nature and history of our business; industry trends and competitive environment; trends in consumer spending, including consumer confidence; and overall economic indicators, including gross domestic product, employment, inflation and interest rates, and the general economic outlook.

The additional factors considered when determining any changes in fair value between the most recent valuation report and the grant dates included, when available, the prices paid in recent transactions involving our equity securities, as well as our operating and financial performance, current industry conditions and the market performance of comparable publicly traded companies.

We utilized the arm's - length transactions of our equity securities in the secondary market since our most recent common stock valuation date, February 25, 2013, and the tender offer completed on March 4, 2013 to estimate the fair value of our common stock.

We utilized the arm's - length transactions of our equity securities in the secondary market since our most recent common stock valuation date, May 15, 2013, to estimate the fair value of our common stock.

Of course, that final line — that there is a new, higher «equilibrium valuation of equities» — is surely to remind some market historians of Irving Fisher's famous line that stocks had reach a new «permanently high plateau» on the eve of the 1929 stock market crash which ushered in the Great Depression.

In its detailed 137 - page report, Equity Valuation and Consulting advised the government that these public assets would command a $ 128 million sale price if exposed to the markets for six to nine months.

Despite my admitted stumble in the half - cycle since 2009, it's perplexing that the equity market is at the second greatest valuation extreme in the history of the United States, on what are objectively the most durably reliable valuation measures available, but it has somehow become an affront to suggest that this will not end well.

In our 1Q2015 letter, we noted that equity - market valuations were at dangerous levels by three different measures: the CAPE ratio, the Q - ratio, and the Buffett indicator, which are discussed at length in our last letteIn our 1Q2015 letter, we noted that equity - market valuations were at dangerous levels by three different measures: the CAPE ratio, the Q - ratio, and the Buffett indicator, which are discussed at length in our last lettein our last letter.

With the correction in global stock markets still running its course, it's worth surveying some valuation statistics across Developed Market equities.

Could lofty equity - market valuations have resulted in part from extensive central - bank investment activity?

Elevated valuations across equity and fixed income markets mean returns from alternatives are looking more attractive in an absolute sense as well.

Now, as many investors worry about a global growth slowdown, rising rates and higher volatility in U.S. equity markets, dividend growers offer potential opportunities due to their healthy balance sheets, as well as better valuations, and lower volatility.

A weaker U.S. dollar, too, has helped in recent months, as have lower, attractive valuations relative to developed - market equities.

Putting aside the performance of bonds during the bear market beginning in 1980 (both because the starting yields on Treasuries were so high but also because the bear market was relatively mild as the decline began from relatively low levels of valuation), what's interesting about the above chart is how dependably bonds protected a portfolio during equity bear markets.

«The Shanghai Composite in aggregate is now trading back well below average global equity valuations at the headline index level,» says Jonathan Garner, Morgan Stanley's Chief Asia and Emerging Market Equity Stratequity valuations at the headline index level,» says Jonathan Garner, Morgan Stanley's Chief Asia and Emerging Market Equity StratEquity Strategist.

As we pointed out in our post last week, a withdrawal rate strategy should respond to market factors like equity valuations and bond yields as well as personal factors like age, retirement horizon, and expectations about pension and Social Security benefits.

Bottom line: U.S. equities are the least dirty shirt of global equity markets, although high valuations keep our return expectations in check.

In 2002 he co-founded STL Capital Partners, LLC, which, until 2015, advised middle market companies involved in various capital market transactions including private placements of debt and equity securities, mergers and acquisitions, leveraged buyouts and valuations of securities, and provided merchant capital in private transactionIn 2002 he co-founded STL Capital Partners, LLC, which, until 2015, advised middle market companies involved in various capital market transactions including private placements of debt and equity securities, mergers and acquisitions, leveraged buyouts and valuations of securities, and provided merchant capital in private transactionin various capital market transactions including private placements of debt and equity securities, mergers and acquisitions, leveraged buyouts and valuations of securities, and provided merchant capital in private transactionin private transactions.

The gains over the last six years have been much more impressive in the U.S. and, as a result, valuations of many foreign equity markets remain more attractive than the stretched valuations in the U.S., in our opinion.

While Canadian stocks could potentially rebound in the second half, BlackRock Investment Institute currently favours Eurozone, Japanese and emerging market equities given still strong economic data, relatively more accommodative monetary policy and cheaper valuations.

Unlike other valuation proxies, the Rule of 20 has been reliable in all types of equity markets and economic environments since it incorporates inflation in the valuation process (click on chart to enlarge).

As we begin to observe more reasonable valuations in the general equity market, you'll see us respond the same way in the Strategic Growth Fund.

It's awareness of historical context that is important in terms of elevating risk management at any point in time, since equity market valuations are guideposts.

In real markets, individual investors are allowed to invest directly in individual shares, which allows them to directly influence relative valuations inside the equity spacIn real markets, individual investors are allowed to invest directly in individual shares, which allows them to directly influence relative valuations inside the equity spacin individual shares, which allows them to directly influence relative valuations inside the equity space.

In contrast, the professional managers that operate downstream of individual investor flows, and that manage the various investment vehicles that provide those investors with equity exposure, probably exert less control over the market's absolute valuation.

Equity analysts now consider climate change - related factors in company valuations, translating sustainability into a new value driver distinct from a marketing strategy.

Following one of the worst periods for value on record, and with the style still trading at significant valuation discounts even after a nascent rally, we believe there is cause for cautious optimism, and that «value unbound» describes the most compelling opportunity in equity markets today.

Stock markets are tumbling int he wake of the decision but given the recent strength in equities, in the face of the rising interest rate expectations, we don't expect a serious move lower after the decision, despite the valuation concerns.

He discusses how he believes two pillars — consumer spending and corporate earnings — will continue to support US economic growth, and gives his take on equity valuations and investment opportunities in the current market environment.