Commentary
“Animal spirits” push stock valuations higher as fundamentals take a backseat
Historically, after valuations have expanded, earnings have tended to catch up.
Key Takeaways
- After a rocky start to the month, stocks climbed in January and pushed valuations higher.
- Some investors worry that rising multiples mean prices are bound to fall—but several signals suggest a positive setup for the year, especially for cyclical sectors.
Get the full white paper
"Animal spirits" push stock valuations higher as fundamentals take a backseat
Next steps to consider
Asset Allocation Research Team (AART)
Access economic, fundamental, and quantitative analysis from our Asset Allocation Research Team.
Learn more
Investment & Retirement Products
Meet the unique financial needs of your clients with our diverse investment and retirement offerings.
Learn more
Advanced Modeling & Rebalancing
Take your portfolio strategies to the next level with our flexible, innovative portfolio construction and management tool.
Learn more
1191810.1.0
1E59CCCA75EA4EF89C45D0EC8DCE9ACC