Q-Ratio and Market Valuation: October 2024

Published on November 8, 2024

The Q Ratio is the total price of the market divided by the replacement cost of all its companies. The latest Q-ratio is at 1.81, up from 1.80 in September.

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Regression to Trend: S&P Composite 177% Above Trend in October

November 8, 2024
Quick take: At the end of October, the inflation-adjusted S&P 500 index price was 177% above its long-term trend, up from October.About the only certainty in the stock market is that, over the long haul, over-performance turns into underperformance and vice versa. Is there a pattern to this movement? Let's apply some simple regression analysis to the question.

P/E10 and Market Valuation: October 2024

November 9, 2024
Here is the latest update of a popular market valuation method, Price-to-Earnings (P/E) ratio, using the most recent Standard & Poor's "as reported" earnings and earnings estimates, and the index monthly average of daily closes for the past month. The latest trailing twelve months (TTM) P/E ratio is 28.2 and the latest P/E10 ratio is 36.5.