Nicholas Colas is the cofounder of DataTrek Research. He is the former chief market strategist at Convergex Group LLC.
Investors' jitters are pushing stocks lower.
How quickly investors adapt to new paradigms will determine where asset prices go for the rest of the year.
The 20-year compounded average shows that U.S. equities are anything but stable.
Even in a worst-case scenario, where big companies only hit their most pessimistic profit estimates, price-to-earnings ratios wouldn't be out of line.
How did EM become global market darlings? The answer is not in the old playbook of export-driven growth and rising middle classes.
Wall Street earnings forecasts suggest a rosy outlook, but trends in corporate payouts tell a very different story.
Investors can expect a return to the good times after the short-lived hit to the economy and corporate profits from the recent storms.
To continue, high valuations and low volatility require stable economic growth and predictable earnings.