(Re) Open For Business
Here we are halfway through 2021. Restaurants and business throughout the nation are re-opening. How is this return to normal playing out in the economy and stock and bond markets?
As of June 30th, according to S&P Dow Jones Indices, the S&P 500 index of US stocks is up 15.2% year-to-date (YTD). The stock index has an average dividend yield of 1.4%. The S&P US Aggregate Bond Index, is down -1.4% YTD. The bond index has a yield-to-maturity of 1.3%.
The chart below highlights recent prices, total returns (total return always includes dividends), dividend yields, and trailing and forward-looking P/E’s (price-to-earnings ratio) for several S&P Dow Jones Indices.
|
Market |
Closing Price 12/31/2020 |
Closing Price 06/30/2021 |
YTD Tot. Return 06/30/2021 |
Yield % |
Trailing Twelve Mo P/E |
Forward Estimate P/E |
|
S&P 500 |
3,756 | 4,297 | 15.2% | 1.4% | 30.9x | 21.8x |
| DJIA | 30,606 | 34,502 | 13.7% | 1.8% | 28.5x |
20.2x |
| S&P US Aggregate Bond Index | -1.4% | 1.3% |
|
*Statistics for S&P 500 index, DJIA index, and S&P US Aggregate Bond index from S&P Dow Jones Indices.
Disclaimer
This material is provided by Schmitt Wealth Advisers for informational purposes only. It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product. Opinions expressed by Schmitt Wealth Advisers are based on economic or market conditions at the time this material was written. Economies and markets fluctuate. Actual economic or market events may turn out differently than anticipated. Facts presented have been obtained from publicly available sources (unless otherwise noted) and are believed to be reliable. Schmitt Wealth Advisers, however, cannot guarantee the accuracy or completeness of such information. Past performance may not be indicative of future results.
