Category Archives: Markets

Valuations Are High – So What?

Posted on June 26, 2018 by Gemmer Asset

For years market prognosticators have been saying that valuations are high.  And if you look at the data, it’s true.  The Cyclically Adjusted PE or CAPE Ratio (see definition here), a measure of valuation that is generally thought to be more stable than other relative valuation measures, has been above its historical average since August of 2009 (S&P 500).     Here is the same chart with two additional horizontal lines showing +/- two standard deviation bands…
Continue reading >>

Categories:

Bookmark and Share

Market Note

Posted on August 24, 2015 by Gemmer Asset

We started Monday morning with the screens full of red, again. Over the last few days the equity and commodity markets have been under pressure, especially in the emerging world. Through Friday the S&P is off -6.8% from its high while the Dow is down -9.4% (including dividends). Emerging equities are off -21.2% and China is off roughly -25%. ...
Continue reading >>

Categories:

Bookmark and Share

The Yield Curve and Recession Forecasting

Posted on February 3, 2015 by Gemmer Asset

For years economists and fund managers have used an inverted yield curve as a predictor of a coming recession…...
Continue reading >>

Categories:

Bookmark and Share
« First ‹ Previous 1 2 3 4 5 6 7 8 9 10 11