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Median Valuations

Oct 09 2020

Small Cap Catch-Up?

  • Oct 9, 2020

The big jump in Small Caps over the last two weeks has entirely reversed the segment’s summer underperformance and has technicians feverish about another “breath thrust.” Technically, it’s impressive, but we are more intrigued by the fundamental potential for continued Small Cap (and Mid Cap) outperformance.

 

May 07 2020

Median Valuations: Down, But Not Cheap

  • May 7, 2020

If we assume that valuations will “bottom” at the “richest” levels ever seen at a bear market low, there’s still 32% downside remaining in the median S&P 500 stock.