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month the market s falling when investor thought a rate hike would come in june, and recently big rallies when sentiment shifted accepting the possible rate hike. keith banks is the president of u.s. trust bank america wealth management. rick szelc the managing director of neuberger berman. eight years later, is it all about the fed? all about the fed. more about earnings. we view it right now the p/e multiples about 17 time, not going to expand much from here. to make a case for higher levels in the market, you have to make a case for stronger earnings. but 17 historically is a high number for s&p earnings. isn t typically 15, 16 the higher valuation. the high end of a range and, in fact, we just actually at u.s. trust went more neutral on equities in a tactical allocation shift, and the reason we feel that way is with multiples at full levels, number one, and with the summer coming, with possible rate hike fears, u.s. presidential election, you got the u.k. refe ....
month the market s falling when investor thought a rate hike would come in june, and recently big rallies when sentiment shifted accepting the possible rate hike. keith banks is the president of u.s. trust bank america wealth management. rick szelc the managing director of neuberger berman. eight years later, is it all about the fed? all about the fed. more about earnings. we view it right now the p/e multiples about 17 time, not going to expand much from here. to make a case for higher levels in the market, you have to make a case for stronger earnings. but 17 historically is a high number for s&p earnings. isn t typically 15, 16 the higher valuation. the high end of a range and, in fact, we just actually at u.s. trust went more neutral on equities in a tactical allocation shift, and the reason we feel that way is with multiples at full levels, number one, and with the summer coming, with possible rate hike fears, u.s. presidential election, you got the u.k. refe ....
anthony: it s true, and this month the market s falling when investor thought a rate hike would come in june, and recently big rallies when sentiment shifted accepting the possible rate hike. keith banks is the president of u.s. trust bank america wealth management. rick szelc the managing director of neuberger berman. eight years later, is it all about the fed? all about the fed. more about earnings. we view it right now the p/e multiples about 17 time, not going to expand much from here. to make a case for higher levels in the market, you have to make a case for stronger earnings. but 17 historically is a high number for s&p earnings. isn t typically 15, 16 the higher valuation. the high end of a range and, in fact, we just actually at u.s. trust went more neutral on equities in a tactical allocation shift, and the reason we feel that way is with multiples at full levels, number one, and with the summer coming, with possible rate hike fears, u.s. presidential el ....
anthony: it s true, and this month the market s falling when investor thought a rate hike would come in june, and recently big rallies when sentiment shifted accepting the possible rate hike. keith banks is the president of u.s. trust bank america wealth management. rick szelc the managing director of neuberger berman. eight years later, is it all about the fed? all about the fed. more about earnings. we view it right now the p/e multiples about 17 time, not going to expand much from here. to make a case for higher levels in the market, you have to make a case for stronger earnings. but 17 historically is a high number for s&p earnings. isn t typically 15, 16 the higher valuation. the high end of a range and, in fact, we just actually at u.s. trust went more neutral on equities in a tactical allocation shift, and the reason we feel that way is with multiples at full levels, number one, and with the summer coming, with possible rate hike fears, u.s. presidential el ....
month the market s falling when investor thought a rate hike would come in june, and recently big rallies when sentiment shifted accepting the possible rate hike. keith banks is the president of u.s. trust bank america wealth management. rick szelc the managing director of neuberger berman. eight years later, is it all about the fed? all about the fed. more about earnings. we view it right now the p/e multiples about 17 time, not going to expand much from here. to make a case for higher levels in the market, you have to make a case for stronger earnings. but 17 historically is a high number for s&p earnings. isn t typically 15, 16 the higher valuation. the high end of a range and, in fact, we just actually at u.s. trust went more neutral on equities in a tactical allocation shift, and the reason we feel that way is with multiples at full levels, number one, and with the summer coming, with possible rate hike fears, u.s. presidential election, you got the u.k. refe ....