S&P 500

Finweek English Edition - - INVESTMENT -

Peter Garnry, Head of Eq­uity Strat­egy at Saxo Bank, says that he is bullish on the out­look for the broad based US mar­ket. He told clients via Trad­ingFloor.com: “The S& P 500 is trad­ing at 14.7 times its 12-month for­ward es­ti­mate for earn­ings per share ( EPS), which is still be­low the aver­age of 15.8 since 1999. As the econ­omy im­proves, the earn­ings mul­ti­ple will ex­pand and the lev­els of 1910-1970 are not un­re­al­is­tic dur­ing the next year.”

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