Only One S&P 500 Sector Trades Below Its Economic Book Value

This report analyzes[1] market cap, economic book value, and price-to-economic book value (PEBV) ratio for the S&P 500 and each of its sectors.

I analyze other fundamental and valuation metrics for the S&P 500 and its sectors in these reports:

These reports leverage cutting-edge technology to provide clients with a cleaner and more comprehensive view of every measure of profits[2]. Investors armed with my firm’s research enjoy a differentiated and more informed view of the fundamentals and valuations of companies and sectors.

S&P 500 PEBV Ratio Jumps to Highest Level Since September 2018

The PEBV ratio for the S&P 500 rose from 1.1 at the end of 2019 to 1.7 through 2Q20, or its highest level since mid-2018, and one of the highest levels since 2004. See Figure 1. This ratio measures the level of expectations for future profits compared to

Read More Read more

Home For Sale Listings Soar As Pandemic’s Economic Impact Grips San Francisco

SAN FRANCISCO (CBS SF) — Rents are tumbling and the number of homes listed for sale are soaring — all signs that the COVID 19 exodus from San Francisco was not losing its momentum six months into the pandemic.

With many of the region’s top employers still under work-at-home mandates or having furloughed or reduced staffing, the once red-hot real estate market has gone into a chill.

Apartmentlist.com — the San Francisco-based online listing service — said rents in the city have decreased by 5.2% month-over-month in September and are down by 17.8% since the start of the pandemic in March — the fastest decline among the nation’s 100 largest cities.



chart, line chart


© Provided by CBS SF Bay Area


Median two-bedrooms were renting for a cost $2,592 while one-bedrooms were going for $2,240. It was a much different snapshot of the local market at the start of the year before the

Read More Read more

How To Adjust Your Real Estate Portfolio For Any Economic Climate

Owner of The Mandrell Company. Real estate investor, broker, coach, lecturer and author.

Real estate mogul and world-renowned shark Barbara Corcoran once said, “A funny thing happens in real estate. When it comes back, it comes back up like gangbusters.” There’s no doubt the real estate market is volatile right now, but there are ways to adjust your portfolio, regardless of the economic climate. Before we can discuss strategy, we need to explore real estate economics generally, the differences between a buyer’s market and a seller’s market, and how certain economic climates can affect lending practices.

Market Shifts

A buyer’s market is one where there is more inventory available than there are buyers. The term comes from the buyer having the upper hand in this scenario. For example, there may be five homes available for sale for every one buyer who is looking to purchase in that particular

Read More Read more

Florida jobless claims down, but economic ‘fog’ continues

TALLAHASSEE, Fla. – First-time unemployment claims were down slightly in Florida last week, as more businesses announce layoffs and extensions of worker furloughs amid the COVID-19 pandemic.

The U.S. Department of Labor estimated 35,829 first-time jobless claims were filed in Florida during the week that ended Sept. 19, down from 37,265 the prior week. Nationally, 870,000 initial claims were filed last week, close to the four-week average of 878,250.

The state numbers are well off a peak in April when more than 900,000 claims were filed during a two-week period as businesses shut down or dramatically scaled back to prevent the spread of the virus.

Florida last week also announced its unemployment rate dropped from 11.4 percent in mid-July to 7.4 percent in mid-August. The August rate reflected an estimated 753,000 Floridians out of work.

Gov. Ron DeSantis said Tuesday it appears that while stock markets have “shrugged” off the

Read More Read more

Strong Home Prices Expected to Continue Through at Least 2021, But Economic Uncertainty is Clouding Long-Term Outlook

The MarketWatch News Department was not involved in the creation of this content.

SEATTLE, Sept. 24, 2020 /PRNewswire via COMTEX/ —
SEATTLE, Sept. 24, 2020 /PRNewswire/ — After watching the for-sale housing market largely shrug off the potential impacts of the coronavirus pandemic this summer, a panel of experts is singing a much more bullish tune about short-term home price performance than in the spring. But a few clouds appear when looking further out. Skepticism remains in the long term with elevated unemployment expected to persist into the next decade. 

The Zillow® Home Price Expectations Surveyi, sponsored by Zillow and conducted quarterly by Pulsenomics LLC, asks more than 100 economists, investment strategists and real estate experts for their predictions about the U.S. housing market. The Q3 survey focused on the short- and long-term outlook for home prices, as well as expectations for U.S. unemployment. 

Just three months ago,

Read More Read more