We hope you had a great Thanksgiving with family and friends! Like us, we hope you are stuffed, as we believe the S&P valuations are as well.
We sent an email to private and retirement plan clients on the Wednesday morning after the election. It was titled “Don’t Panic” and outlined the reasons for a buying opportunity. The Trump-effect of new stimulus has taken the S&P 500 to new highs. Pragmatically, all the Trump policies would not come into play for a while. At almost 17 times 2017 forward earnings with the long run average of 15, this would suggest the markets are stuffed. A pull back of greater than 5% would be viewed as a better entry point.
Please feel free to call us at (203)210-7814 with any questions.