by pentoport | May 22, 2025 | Commentary
May 22, 2025 We find it mandatory to now put a bright spotlight on America’s dire fiscal condition. The National debt rose from less than $6 trillion in 2000 to over $37 trillion today. Our debt is now 720% greater than our annual revenue. The Nation’s...
by pentoport | May 1, 2025 | Commentary
May 1, 2025 The S&P 500 is now trading at 21x the projected earnings growth rate of 9% in 2025. That is an extremely rich multiple on a very optimistic earnings growth rate, given the fact that US GDP shrank during Q1. And, that shrinkage will soon be combined...
by pentoport | Apr 17, 2025 | Commentary
April 17, 2025 The US 10-year Benchmark rate jumped by 50 bps in just the 5 days from April 7th to the 11th. That is a very unusual and humongous move in such a short period of time. The question is, why would that volatility occur in the context of a slowing economy,...
by pentoport | Apr 11, 2025 | Commentary
April 11, 2025 There was a near-record number of job layoff announcements during the month of March, according to the labor research firm Challenger, Gray & Christmas. There was a total of 275,240 layoff announcements last month. The level of layoffs was eclipsed...
by pentoport | Mar 21, 2025 | Commentary
March 21, 2025 The University of Michigan Consumer confidence survey for March plunged to 57.9 versus the estimate of 63 and 65.7 in the month prior. And yet, inflation expectations in the same survey hit a 32-year high of 4.9%. Stagflation is the word that comes to...
by pentoport | Mar 3, 2025 | Commentary
March 3, 2025 Tariff threats and a shrinking labor force put downward pressure on stocks and the economy. The S&P 500 is trading at 22x the forward 12-month EPS target, which is predicting an increase of 13% in EPS. The problem is that the 10-year average PE ratio...
