Investor In The Family Radio

Overview Even people who warned of big corrections if Trump were elected are now calling for bigger gains to come The volatility index (VIX) fell to it’s lowest level in 2.5 years last week The crude oil volatility (OVX) fell to two year lows Treasury yields (10-year) have jumped above 2.5% (up from 1.36%) The S&P 500 recently traded at 22.3 times what it’s companies earned in previous 4 quarters Higher than 92% of readings since 1929 The previous 9 times when trailing price/earnings valuations topped 22 times, the index saw pullbacks avg 2.6% 3 months later and 6.2% after 6 months Sentiment has improved, but data says household spending has not The US economy may be “humming along” but it needs a new catalyst to show investors we aren’t at the peak of the current cycle - Nicholas Colas, Convergex For now sentiment is enough, but in 2017 the new administration will need to deliver The IPO market was down big in 2016 and could be poised to rebound in 2017 Says Kathleen Smith of Renaissance Capital S