James Hendries

AUGUST 15, 2022

It is also a major component used to calculate the price-toearnings valuation ratio. For a list of descriptions of the indexes referenced in this publication, please visit our website at lplresearch.com/definitions. Insurance products are offered through LPL or its licensed affiliates.

Portfolio 52

Portfolio Asset Allocation Taxes Investment Advisor 52

James Hendries

OCTOBER 7, 2022

It is also a major component used to calculate the price-toearnings valuation ratio. For a list of descriptions of the indexes referenced in this publication, please visit our website at lplresearch.com/definitions. Insurance products are offered through LPL or its licensed affiliates. Tracking # 1-05335079 (Exp. 10/23).

Portfolio 52

Portfolio Taxes Investment Advisor Asset Allocation 52

James Hendries

SEPTEMBER 8, 2022

It is also a major component used to calculate the price-toearnings valuation ratio. For a list of descriptions of the indexes referenced in this publication, please visit our website at lplresearch.com/definitions. Insurance products are offered through LPL or its licensed affiliates.

Portfolio 52

Portfolio Taxes Investment Advisor Asset Allocation 52

James Hendries

JULY 13, 2022

It is also a major component used to calculate the price-toearnings valuation ratio. For a list of descriptions of the indexes referenced in this publication, please visit our website at lplresearch.com/definitions. Insurance products are offered through LPL or its licensed affiliates.

Portfolio 52

Portfolio Asset Allocation Taxes Investment Advisor 52

James Hendries

JUNE 20, 2023

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. It is also a major component used to calculate the price-to-earnings valuation ratio. All index data from FactSet.

Marketing 52

Marketing Marketing Economy Communication 52

James Hendries

JANUARY 31, 2023

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. It is also a major component used to calculate the price-to-earnings valuation ratio. All index data from Bloomberg.

Marketing 52

Marketing Marketing Valuation Insurance 52

James Hendries

JANUARY 26, 2023

Should the Fed pause after a March interest rate hike, the stage may be set for a nice stock market rebound on the back of falling inflation, reasonable valuations, and stable interest rates. It is also a major component used to calculate the price-to-earnings valuation ratio. All index data from Bloomberg.

Marketing 52

Marketing Marketing Economy Economics 52

James Hendries

JANUARY 20, 2023

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. It is also a major component used to calculate the price-to-earnings valuation ratio. All index data from Bloomberg.

Marketing 52

Marketing Marketing Economy Economics 52

James Hendries

AUGUST 3, 2022

The technical definition of recession is not two consecutive quarters of negative growth as many believe, but rather must include these three ingredients: A significant decline. It is also a major component used to calculate the price-to-earnings valuation ratio. Insurance products are offered through LPL or its licensed affiliates.

Marketing 98

Marketing Marketing Economy Valuation 98

James Hendries

SEPTEMBER 27, 2022

Treasuries, agency mortgages, and investment-grade corporate bonds that comprise the Aggregate index. While both core and core plus funds focus on investment grade (IG) rated bonds, by definition, core bond funds hold less than 5% of net assets in below IG rated bonds (on average, less than 2% over the last 36 months).

Asset Allocation 52

Asset Allocation Marketing Marketing Assets 52

James Hendries

DECEMBER 4, 2022

Retailer valuations have also taken a hit, as the forward (next 12 months) P/E multiple has contracted ~20% year to date, from ~27x to ~22x currently. It is also a major component used to calculate the price-to-earnings valuation ratio. Insurance products are offered through LPL or its licensed affiliates.

Retail 52

Retail Marketing Marketing Sales 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. So a P/E over 20 is probably too rich.

Marketing 52

Marketing Marketing Valuation Economy 52