The Cyclically Adjusted Price/Earnings (CAPE) ratio, developed by Nobel laureate Robert Shiller, compares the S&P 500’s current price to the 10-year average of inflation-adjusted earnings. Why does it matter? Because valuations drive long-term returns. History shows: High CAPE → Lower future returns Low CAPE → Higher future returns This month, the CAPE Ratio hit nearly […]
As markets closed today, the S&P 500 notched its first five-day losing streak since April of last year. But not all losing streaks are created equal. Over the past five sessions, U.S. large caps are down just 1.52%. Unpleasant, yes — but hardly alarming. Since the last time we saw a streak this long, the […]