Is The Bottom In? | Now They Change Their S&P 500 Targets | Apple Earnings Implied Volatility Expected Move |
Broken Pie Chart · Derek Moore
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Show Notes
Derek Moore goes through how markets have bottomed (maybe?) and are now up 10% since then. All the while investment banks have now started moving their 2025 year end targets down. The bear case on corporate net profit margins (and bull case). Plus, how max bearishness against US equities at market lows may have been a contrarian signal. With more earnings this week, Apple's implied volatility is forecasting what as an expected 1 standard deviation move. Keeping perspective on the markets as the media talks about ends of eras and more.
Apple earnings implied volatility
What is the implied volatility expected earnings move for Apple
FMS manager survey shows fund managers were max bearish near recent bottom
Distance off the low is now +10% after being down -18.90%
All that said, the S&P is down -10% off the all-time high
Investment banks start downgrading their year end S&P 500 Index targets
Bear case for housing due to high mortgage rates
Earnings have been good so far but what about the future?
Comparing mortgage payments at low vs 7% rates
Sentiment and VIX readings near contrarian lows like prior periods
Container shipping container rates are down and that is not inflationary
Container shipping volume and capacity are all down
Mentioned in this Episode
Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT
Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt
Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag
Contact Derek [email protected]