For the week the Dow, S&P 500 and Nasdaq rose 0.4%, 1.3% and 2.7%, respectively. S&P 500 at an all-time highThe S&P 500 closed at an all-time high of 4,605.38 on Friday. S&P 500 Index StockCharts.comGap between stocks and earningsThe chart below from John Butters, Senior Earnings Analyst at FactSet, helps illustrate the increased valuations stocks have been awarded over the past 10 years. S&P 500 PE ratio John Butters, FactSetEPS growth to slow dramaticallyWhile investors know this is coming, the cold water in the face of slower earnings growth hasn’t fully come into focus. This shouldn’t be a surprise since 2022’s earnings growth will be up against tough 2021 compares.

Source: Forbes November 01, 2021 02:49 UTC