James Hendries

JUNE 26, 2023

The median performance, at 25.4%, is a better representation of where stocks might normally be at this stage because it takes out the ferocious V-shaped rebounds coming out of the 2008-2009 Great Financial Crisis and the early stages of the pandemic in March 2020. At the same time, the resilience of the U.S. All index data from FactSet.

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Marketing Marketing Asset Allocation Valuation 52

James Hendries

OCTOBER 11, 2022

Memories of 2008-2009 are still vivid even though global banks, overall, are in much healthier shape due to stringent regulations put in place following the crisis. s government debt, or gilts as they are known locally, with the yield on the 10-year gilt increasing 1% in just three days to its highest level since 2008, see Figure 1 again.

Marketing 52

Marketing Marketing Banking Government 52

James Hendries

OCTOBER 18, 2022

During the worst of the Financial Crisis (Q3 2008 through Q1 2009), more than 50% of S&P 500 companies hit their earnings targets each quarter. But overall, we would expect modest estimate cuts to be received positively by markets, supported by lower valuations and depressed investor sentiment. Quincy Krosby , Ph.D.

Marketing 52

Marketing Marketing Valuation Economics 52

James Hendries

AUGUST 23, 2022

Outside of the pandemic, the rate of sales were close to sales rates in 2007 and 2008, when the economy was in the depths of a housing crisis [Figure 3]. It is also a major component used to calculate the price-to-earnings valuation ratio. Sales of existing home in the West were hit hard in July. All index data from FactSet.

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Marketing Marketing Sales Economy 98

James Hendries

AUGUST 15, 2022

is dragged down by 2008-2009 when the index tumbled 37%. Stock valuations are higher but bond yields are still low enough to support valuations with the 10-year Treasury yield well under 3% despite the big jobs number. It is also a major component used to calculate the price-to-earnings valuation ratio. How can this be?

Marketing 52

Marketing Marketing Economy Valuation 52

Brown Advisory

JULY 1, 2015

Rising rates also have a direct, negative impact on bond prices, and they tend to constrain stock valuations. The Fed has kept short-term rates at virtually zero since late 2008, just after the failure of Lehman Brothers. That makes U.S. exports less competitive and reduces the profits of U.S.

Investing 52

Investing Investments Banking Economy 52

James Hendries

JANUARY 26, 2023

falls into recession, the chances are it would occur during the first half of 2023 and will not likely be as deep as the 2008 recession, which was initiated by a fundamentally flawed financial market. It is also a major component used to calculate the price-to-earnings valuation ratio. If the U.S. All index data from Bloomberg.

Marketing 52

Marketing Marketing Economy Economics 52

The Big Picture

DECEMBER 6, 2022

Think about the two founders of Global X, Bruno and Jose, they set up Global X in 2008. But for a business that is already up and running, where you already have your trust, you already have your registered investment advisor, you have your board, it’s a much more streamlined process than maybe it was a few years ago.

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Brown Advisory

JULY 1, 2016

One can argue that today’s low interest rates merit even higher valuations, but there’s no disputing that the increase in price/earnings ratios has been an important driver of stocks since the lows of the early 1980s. Following the 2007–2008 financial crisis, some observers began referring to the “new normal.”

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Investing Investments Portfolio Assets 52

Brown Advisory

JULY 1, 2016

One can argue that today’s low interest rates merit even higher valuations, but there’s no disputing that the increase in price/earnings ratios has been an important driver of stocks since the lows of the early 1980s. Following the 2007–2008 financial crisis, some observers began referring to the “new normal.”

Investing 52

Investing Investments Portfolio Assets 52

James Hendries

JULY 6, 2022

While we acknowledge that a V-shaped recovery is probably not in the cards and prior valuation targets no longer appear achievable, we remain constructive on equities for the second half, but not complacent. Remember stock valuations are inversely correlated to inflation and interest rates.

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Marketing Marketing Valuation Economy 52

James Hendries

JULY 21, 2022

So far, this year hasn’t seen a full-blown crisis like 2008–2009 or 2020, but the ride has been very bumpy. Nonetheless, high inflation has been a common ingredient in recessions since WWII—see the 1970s, early 1980s, early 1990s, and even 2008. Lower inflation tends to bring higher valuations (Fig.1). If the U.S. If the U.S.

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Management Marketing Marketing Valuation 52

James Hendries

NOVEMBER 8, 2022

These runoffs do happen: In 2022 both Georgia Senate seats went to a runoff, as did Georgia Senate election in 1992 and 2008. It is a financial ratio used for valuation: a higher PE ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with lower PE ratio.

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Marketing Marketing Government Banking 52