Higher and higher
Through August 30th there have been 53 new closing highs for the S&P 500. This market is closing in on the record 77 new all-time highs which occurred in 1995 (h/t Howard Silverblatt of S&P Dow Jones Indices).
The chart below highlights recent prices, total returns (total return always includes dividends), dividend yields, and trailing and forward-looking P/E’s for several major indices.
|
Market |
Closing Price 12/31/2020 |
Closing Price 08/31/2021 |
YTD Tot. Return 06/30/2021 |
Yield % |
Trailing Twelve Mo P/E |
Forward Estimate P/E |
|
S&P 500 |
3,756 | 4,522 | 21.2% | 1.3% | 30.9x | 22.1x |
| DJIA | 30,606 | 35,360 | 15.5% | 1.8% | 23.2x |
19.3x |
| S&P US Aggregate Bond Index | -0.5% | 1.3% |
|
*Statistics for S&P 500 index, DJIA index, and S&P US Aggregate Bond index from S&P Dow Jones Indices.
