Saturday, May 17, 2025

US Equities - Valuations and Shifting Narratives

Just How Expensive Are Stocks After All the Ups and Downs? We Check the Math.
https://www.wsj.com/finance/stocks/stock-valuations-investors-76d1daa6
A look at different methods for valuing stocks and what that might suggest going forward.
 
The Ditch-America Trade Now Has Its Own Acronym: ABUSA
https://www.yahoo.com/entertainment/articles/dakota-johnson-details-being-cut-201204002.html
‘Anywhere But U.S.A.’ poses questions: Are U.S. markets in a long and painful decline, or was American exceptionalism overdone?


The ‘Taco’ factor has spurred markets higher
https://www.ft.com/content/4d136adf-7e45-4ac8-937c-5151e3833e83
Katie Martin:
The Taco trade is the most popular feast in markets right now, but it still leaves a peculiar taste in the mouth. The term, coined by my esteemed colleague Robert Armstrong, encapsulates the notion that Trump Always Chickens Out, particularly in relation to his beloved trade taxes, and that risky assets rise in response…
Still, the jump in markets this week resembles an outpouring of joy that someone is now threatening to chop off only your toe, rather than your whole leg. At around 30 per cent, baseline levies on China are still well above where economists had predicted at the start of this year. The global “floor” of 10 per cent is very high, leaving the world’s biggest economy with the highest trade taxes since the 1940s.