The bull market in US equities has continued this year with the S&P 500 up by over 24% YTD on price return basis. In the past 5 years the S&P 500’s returns has had an incredible run with an annualized return of 13%. While the S&P 500’s return is 24% based on price returns so …
Continue reading ‘S&P 500 Price Returns vs. Total Returns 1960-2023: Chart’ »
The US equity market as represented by the S&P 500 has shot up by 21% YTD. While double-digit growth is excellent, the market has become overvalued especially when compared to other developed markets. So for a value-oriented investor better opportunities exist elsewhere. The S&P 500’s forward P/E is 21.0. This is much higher than the …
Continue reading ‘US Stocks Are Overvalued Relative To Other Developed Markets’ »
The defense sector has been one of the big growth sectors for many years now and continues to grow further. The ongoing Russia-Ukraine war, middle-east conflicts and other geo-political risks around the world keep defense companies busy. I came across an article by Arian Neiron at VanEck in which he discussed the benefits of investing …
Continue reading ‘Defense Stocks Outperform The Market in the Long Run’ »
The utility sector is usually considered as a stable sector that offers slow or no growth and strong dividends. For this reason it is one of the sectors preferred by income investors. The industry is regulated and its very rare for a company to fail. One such case was the crash of the Hawaiian Electric …
Continue reading ‘Why invest in Electric Utility Stocks Now’ »
The concentration in the US equity market has been running relatively high for the past few years. I have written many times on this topic as can be found here and here and here. Most of the time, I have discussed the concentration using the S&P 500 as the benchmark. However I came across an …
Continue reading ‘How Concentrated is the US Equity Market?’ »