After 53 new closing highs so far this year, it seemed like this market could only go up until September. The S&P 500 started the month with its 54th new high and then volatility crept in. By the end of a rollercoaster like month, September tallied a -4.76% decline; the first decline since January 2021.
The chart below highlights recent prices, total returns (total return always includes dividends), dividend yields, trailing P/E’s, and forward-looking P/E’s for several major indices.
|
Market Index |
Closing Price 12/31/2020 | Closing Price 09/30/2021 | YTD Tot. Return 09/30/2021 |
Yield % |
Trailing Twelve Mo P/E |
Forward Estimate P/E |
|
S&P 500 |
3,756 |
4,307 | 14.6% | 1.3% | 30.9 | 22.1 |
|
DJIA |
30,606 | 33,843 | 10.5% | 1.9% | 22.2 |
18.3 |
| S&P US Aggregate Bond Index | -1.29% | 1.45% |
|
*Statistics on 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.
