Apartment renters are signing longer leases than ever -- often at lower rates than otherwise, allowing property managers to better protect occupancy exposure against oncoming new supply. Win/win.
The spread between the Earnings Yield vs 3m T-Bill Rate is a reliable Long-Term signal for getting Onboard Uptrends when high/positive and getting Defensive later in the cycle when low/negative.
The expectations were big for NVDA results, and the company beat them. Revenues grew a mindblowing 268% vs same quarter last year and Net income grew 628% vs the same period.
"At ~20.5x forward 12 month EPS, the S&P 500 is currently in the top decile of its historical range ... [while] the cyclically adjusted P/E is in the top 4% of all readings since 1881 and it's only been surpassed in 2021, 2000, and 1929."
