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Macro. Geopolitics. Real Estate. Market Signals. Insightful analysis on the forces moving global finance. | *Not Financial Advice
Jun 2 8 tweets 3 min read
The S&P 500 is trading at some of the highest valuations in history. The Shiller PE just hit 36, a level only seen at the dot-com peak.
#SP500 #StockMarket #ShillerPE #Investing $SPY Image The S&P 500’s price-to-sales ratio is now 3x. This is a new record, much higher than previous cycles. Historically, high P/S ratios signal lower forward returns.
#PriceToSales #Valuation #Markets #Stocks Image
May 28 5 tweets 2 min read
The FDIC’s Q1 2025 Quarterly Banking Profile shows U.S. banks remain profitable and stable, but credit quality, commercial real estate, and unrealized losses are key areas to watch. 🧵 Here are the most important takeaways:
#FDIC #Banking #Earnings #Risks Bank Earnings & Profitability

U.S. banks reported Q1 2025 net income of $70.6B, up 5.8% from last quarter. Return on assets rose to 1.16%. Profitability is strong, supported by higher noninterest income and lower securities losses. #FDIC #Banking #Earnings Image