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The S 500 trailing P/E of 17 is approximately 5% higher than its average since 1960,[url=http://www.soccerjerseys.cc/]football jerseys[/url], while long term EPS growth is expected to be in line with history.
low PE mega caps are still attractive,[url=http://www.uggaustraliaonsale.us@#$%&/]uggs on sale[/url], the strategist said,[url=http://www.katespadeoutleta@#$%&/]katespade[/url], noting the median P/E of 18 is also about 10% higher than its historical average is dependent on low interest rates persisting through the cycle. rate volatility may rise
Since 1966,[url=http://www.sac-longchamps.fr/]longchamp @#$%&[/url], the 10 year yield has risen by 50 basis points or more in three months at least once every year. Mr. Bianco also noted the 10 year jumped 100 basis points during the tizzy in 2013.
rate volatility is likely to be higher this summer if the acceleration changes Fed guidance or investor expectations on the trajectory of the Fed Funds rate,[url=http://www.canadagoosejacketsoutlet.ca/]@#$%&[/url], he said.
The summer lull is worse in mid term election years
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