Tägliche Markt- und Wirtschaftskommentare

Chart showing the deviation of the S&P 500 Index against its trend line. The U.S. stock market needs earnings growth to rise this year.

Image: Fidelity Investments

Geschätztes Earnings Growth 2020 8% bis 10 %.
SPX500 YTD 4.8 %
Für dieses Jahr kann man dann mindestens + 8% bei SPX500 rechnen 
und + multiple exspansion dann wieder +31 %

In 2019, the S&P 500 rose 31.5%. 26.9% came from multiple expansion, 2.6% from dividends, and 2.0% from earnings growth. Historically, S&P multiples contract or remain flat following years of big multiple expansion.

Image: Richardson GMP