Issue 45 – The Stock Market Pauses for Refreshment

A Snapshot of the Market for the Week Ended November 19, 2021:

The S&P 500 closed at 4698, registering a 15-point increase, up only 0.3%. Two weeks ago the benchmark was 4697. Interestingly, the aggregate total of the per-share earnings companies in the S&P 500 are expected to make over the next 12 months has risen 26% year-to-date, according to FactSet, matching the index gain in that time. Thus, valuations are basically equal to where they were at the beginning of the year. We have now reached a point where investors want refreshed forecasts.

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By Hubert Marleau

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By Hubert Marleau