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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US
- Traditionally, this has been an indicator for excessive valuations and often preceded a period of weakness in US stocks – triggered by rising CPI.
- The unadjusted yield was already close to a record low but higher domestic CPI has exacerbated the move.
- Past occurrences have delivered a median decline on the five occasions of 8% over three months and 22% over one year.
- Of course, signs of valuation excess are no catalyst themselves for the stock market to roll over.
- But findings like these may dampen confidence in the idea that outsized gains, similar to those seen in 2H20, lie ahead for those buying U.S. stocks today.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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