Wall Street bears were worried about equities six months ago. Now, after the S&P 500 defied everything to post one of the best first halves ever, they’re getting edgy.
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According to Leuthold Group, the S&P 500 Index is at risk of falling 37% should its multiples to sales and earnings return to their mean levels since 1995, a starting point picked to capture a broad upward shift in valuations.
The tech giants known as the Faamgs could face a similar fate, according to Bloomberg Intelligenceâs Gina Martin Adams and Michael Casper. In their model, the groupâs premium over the market could shrink by another 24% if it goes back to the mean over the seven years before the 2020 pandemic.
Want to know more about some of your favorite local artists or performers? Get to know Arizona creatives through a new YouTube series hosted by Chandler author Laurie Fagen.
The show, “AZ Creates!” is a half-hour series on YouTube that highlights local artists, writers, dancers, musicians, filmmakers and actors. The series kicked off in 2020.
Each episode is an interview with a creative and is hosted by Fagen. The conversations get into the stories behind artworks and performances.
“Since many galleries have been closed during (the COVID-19 pandemic) we are trying to connect artists with art patrons, and introduce and promote creatives to a wider audience,” Fagen said.