This from Citi comes via a Dow Jones / Market Watch piece (may be gated ) - in brief: Citigroup forecasts modest gains for the S&P 500 with a base case of 6,500, a bull case of 6,900, and a bear case of 5,100. High trailing price-to-earnings (P/E) ratios, at their loftiest levels in 40 years, pose a risk to returns and increase volatility. Positive fundamentals, artificial intelligence advancements, and productivity gains are expected to support the market. Confidence in long-term growth remains, but "elevated and unattainable" growth expectations temper optimism. While big tech valuations are high, the remaining 493 S&P stocks also trade at their highest 20-year forward P/E levels. Citi’s Levkovich Index (formerly the panic/euphoria index) indicates a euphoric investor phase, akin to the Tech Bubble and post-pandemic rally. History suggests that starting from such high valuations often leads to lower median returns and higher downside risks.
"Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" To keep reading, please log in to your account, create a free account, or simply fill out the form below.
AEW Rampage saw its ratings and audience return to normal without Jake Paul vs. Mike Tyson to worry about. Friday’s show scored in a 0.09 rating in the 18 – 49 demographic and 249,000 viewers per Wrestlenomics . Those numbers were doiwn a tick and 21.5% from the previous week’s 0.06 demo rating and audience of 186,000. The demo rating was the best since the October 25th episode also drew a 0.09, while the viewership was the best since the October 11th episode had 253,000. Like Smackdown , the show was up the NBA game between the Warriors and Pelicans on ESPN, which did a 0.36 demo rating and 1.378 million viewers. Rampage is averaging a 0.100 demo rating and 306,000 viewers in 2024 to date, compared to a 0.118 demo rating and 381,000 for the same point in 2023.
Prime Minister leads tributes to former US president Jimmy CarterAge Young Wisdom
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