Click here to download the PDF version of the newsletter. In This Issue: Bulls and Bears Welcome to the new year! Wall Street has released their 2024 S&P 500 targets, found on the chart below. In retrospect, 2023 S&P targets ranged from 3,400 (BNP) on the low end to 4,500 (Deutsche Bank) on the high […]
Will This Bull Ever Tire? Part 2 – The Threat of Rising Inflation
Inflation indices are tasked with the job of establishing an overall price level for goods and services that can be tracked over time. Consumers do not need an index to tell them what their wallet is already telling them – prices go up over time. The speed at which prices rise will dictate the effect […]
Will This Bull Ever Tire? The Effect of Rising Yields on Asset Allocation
For the first time in a decade, the 2-year Treasury yield has met and exceeded the S&P 500 dividend yield (see Figure 1). Why is this significant? It is significant because as bond yields edge up, fixed income allocations become more attractive to investors. Thus, stock returns can be dampened by what appears to be a […]
