Wall Street Unplugged - What's Really Moving These Markets cover image

Don’t be fooled by the positive earnings headlines

Wall Street Unplugged - What's Really Moving These Markets

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Is the S&P 500 a Risk Free Index?

The S&P 500 is trading at 17 times its annual earnings. That's based on zero interest rates, which should bring that multiple down. The only way it can continue moving higher is to fed not just pauses on rate hikes, but anticipates or signals that they're going to start lowering. But with inflation still surging, I'm not sure how the Fed can slow the pace of rates anytime soon.

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