Michael Wursthorn
speaker
1,567 appearances
29 recordings
1 series
first heard Jul 2017
last heard Nov 2021
Michael Wursthorn’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
Can it get really much better from here?
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And I think as investors look at that, they can't really see how we get better from here without any other fiscal stimulus like we had at the end of 2017.
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Wall Street Journal Markets Reporter Mike Worsthorn.
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Thanks a lot, Mike.
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Thank you.
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A big part of the valuation squeeze that we're seeing currently right now has to do with just what the market did in January.
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The market rose so much so fast.
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Valuations just were sky high.
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And that all changed pretty quickly over the course of six, seven days as we got from January to February.
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Market fell into correction territory and you saw those valuations really get compressed.
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What's changed now is that that's all just continued throughout the rest of this year.
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We've moved from inflation concerns weighing on the market to now focusing on trade tensions.
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And in the middle of this, earnings has been playing in the backdrop.
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Corporate earnings so far this year have been phenomenal for companies.
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This is the third consecutive quarter where S&P 500 earnings have grown double digits from the year before.
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Now, what that's done basically is because stock prices haven't really moved all that much.
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I mean, we're now...
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just less than a percentage point away from that record high we last hit in January for the S&P 500.
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So amid that sort of stagnation amongst prices, earnings have just been phenomenal.
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So what that's done is just sort of when you're looking at valuations over the last 12-month period, those really great earnings are getting factored and pulling those valuations down even more.
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Showing 1041–1060 of 1,567 · page 53 of 79
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