Shesa's JULY 2017 INVESTMENT BLOG
July 23 2017 JULY 2017 INVESTMENT BLOG Shesa Nayak U.S. Stock Market Update: It’s amazing to see the U.S. stock markets keeps making new highs uninterruptedly. It reminds me those years of internet bubble during 1999 and 2000. However, in contrast, I do not see any bubble even though S&P 500 is richly priced. The current P/E ratio for S&P is 26.16 which is significantly higher than historical standard. However, if we see forward P/E, which is 17.8 then stock market is not highly overvalued. Meanwhile, the Trump administration has completed 6 months in the office but there is nothing really material to talk about. Rather, there are flood of resignations from his administration surrounded by many uncertainties. Despite all these, the stock market keeps going up and making new high. Why is it so? I have some detailed analysis on this but let’s first look at U.S. Stock market index. ...