Stock Market Briefing: S&P Blue Angels February 9, 2017 Dr. Edward Yardeni 516-972-7683 eyardeni@ Joe Abbott 732-497-5306 jabbott@ Mali Quintana 480-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box
Table Of Contents Table Of Contents S&P Blue Angels 1-7 February 9, 2017 / Stock Market Briefing: S&P Blue Angels www.
S&P Blue Angels 2750 2 Figure 1. S&P, FORWARD EARNINGS, & VALUATION (monthly) x20 2750 2 2 Jan 2 0 S&P x15 0 1750 S&P Blue Angels Implied Price Index* 1750 1 1 1 x25 1 0 0 750 x5 750 0 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 0 Source: Standard & Poor s and Thomson Reuters I/B/E/S. 2 2 0 1 Figure 2. S&P, FORWARD EARNINGS, & VALUATION (weekly) S&P 02/09/17 S&P Blue Angels Implied Price Index* 02/02/17 x17 x16 x15 x14 x13 2 2 0 1 1 x12 1 1 x11 1 1 1 0 0 7 8 9 2010 2011 2012 2013 2014 2015 2016 2017 2018 Source: Standard & Poor s and Thomson Reuters I/B/E/S. Page 1 / February 9, 2017 / Stock Market Briefing: S&P Blue Angels www.
S&P Blue Angels Figure 3. S&P CONSUMER DISCRETIONARY INDEX, FORWARD EARNINGS, & VALUATION Consumer Discretionary Index x20 x16 x12 7 8 9 2010 2011 2012 2013 2014 2015 2016 2017 2018 650 550 Figure 4. S&P CONSUMER STAPLES INDEX, FORWARD EARNINGS, & VALUATION Consumer Staples Index x22 650 550 450 x16 450 7 8 9 2010 2011 2012 2013 2014 2015 2016 2017 2018 Page 2 / February 9, 2017 / Stock Market Briefing: S&P Blue Angels www.
1 1 0 Figure 5. S&P Blue Angels S&P ENERGY INDEX, FORWARD EARNINGS, & VALUATION Energy Index 1 1 0 0 x18 x12 x6 7 8 9 2010 2011 2012 2013 2014 2015 2016 2017 2018 0 650 550 450 Figure 6. S&P FINANCIALS INDEX, FORWARD EARNINGS, & VALUATION Financials Index 650 550 450 50 x14 x11 x8 7 8 9 2010 2011 2012 2013 2014 2015 2016 2017 2018 50 Page 3 / February 9, 2017 / Stock Market Briefing: S&P Blue Angels www.
S&P Blue Angels 1 Figure 7. S&P HEALTH CARE INDEX, FORWARD EARNINGS, & VALUATION 1 0 900 Health Care Index x18 x14 0 900 7 8 9 2010 2011 2012 2013 2014 2015 2016 2017 2018 Figure 8. S&P INDUSTRIALS INDEX, FORWARD EARNINGS, & VALUATION Industrials Index x18 x13 x8 7 8 9 2010 2011 2012 2013 2014 2015 2016 2017 2018 Page 4 / February 9, 2017 / Stock Market Briefing: S&P Blue Angels www.
S&P Blue Angels 1 Figure 9. S&P INFORMATION TECHNOLOGY INDEX, FORWARD EARNINGS, & VALUATION 1 900 Information Technology Index x20 900 x15 7 8 9 2010 2011 2012 2013 2014 2015 2016 2017 2018 Figure 10. S&P MATERIALS INDEX, FORWARD EARNINGS, & VALUATION x18 x14 Materials Index 50 7 8 9 2010 2011 2012 2013 2014 2015 2016 2017 2018 50 Page 5 / February 9, 2017 / Stock Market Briefing: S&P Blue Angels www.
S&P Blue Angels 325 Figure 11. S&P REAL ESTATE INDEX, FORWARD EARNINGS, & VALUATION 325 275 225 Real Estate Index 02/09/17 02/02/17 x50 275 225 175 x35 175 125 125 x20 75 75 25 7 8 9 2010 2011 2012 2013 2014 2015 2016 2017 2018 25 270 Figure 12. S&P TELECOMMUNICATION SERVICES INDEX, FORWARD EARNINGS, & VALUATION 270 230 Telecommunication Services Index x20 230 190 x15 190 110 110 70 7 8 9 2010 2011 2012 2013 2014 2015 2016 2017 2018 70 Page 6 / February 9, 2017 / Stock Market Briefing: S&P Blue Angels www.
S&P Blue Angels 275 Figure 13. S&P UTILITIES INDEX, FORWARD EARNINGS, & VALUATION Utilities Index 275 x18 225 225 x14 175 175 125 125 7 8 9 2010 2011 2012 2013 2014 2015 2016 2017 2018 Page 7 / February 9, 2017 / Stock Market Briefing: S&P Blue Angels www.
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