Is The Bottom In? | Now They Change Their S&P 500 Targets | Apple Earnings Implied Volatility Expected Move |

Is The Bottom In? | Now They Change Their S&P 500 Targets | Apple Earnings Implied Volatility Expected Move |

Author: Derek Moore April 27, 2025 Duration: 33:23

Derek Moore goes through how markets have bottomed (maybe?) and are now up 10% since then. All the while investment banks have now started moving their 2025 year end targets down. The bear case on corporate net profit margins (and bull case). Plus, how max bearishness against US equities at market lows may have been a contrarian signal. With more earnings this week, Apple's implied volatility is forecasting what as an expected 1 standard deviation move. Keeping perspective on the markets as the media talks about ends of eras and more. 

 

Apple earnings implied volatility

What is the implied volatility expected earnings move for Apple

FMS manager survey shows fund managers were max bearish near recent bottom

Distance off the low is now +10% after being down -18.90%

All that said, the S&P is down -10% off the all-time high

Investment banks start downgrading their year end S&P 500 Index targets

Bear case for housing due to high mortgage rates

Earnings have been good so far but what about the future?

Comparing mortgage payments at low vs 7% rates

Sentiment and VIX readings near contrarian lows like prior periods 

Container shipping container rates are down and that is not inflationary

Container shipping volume and capacity are all down

 

 

Mentioned in this Episode

 

 

Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT

 

Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt

 

Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag

 

Contact Derek derek.moore@zegainvestments.com 

 

 

 

 

 

 

 


Derek Moore hosts Broken Pie Chart, a podcast that digs into the practical realities of managing money in a complex world. The name comes from the idea that traditional, rigid models for investing and planning often don't reflect real life. Each episode takes a specific concept-whether it's portfolio construction, market behavior, or preparing for retirement-and breaks it down into straightforward conversation. You'll hear clear explanations of economic trends and financial principles without the jargon, focusing on how these ideas actually impact personal and professional decisions. This isn't about hot stock tips; it's about building a durable understanding of how markets and the economy function. The goal is to provide listeners with a stronger foundation for their own financial choices, making seemingly opaque topics accessible and relevant. Tune in for a thoughtful, grounded perspective that challenges conventional wisdom and simplifies the complicated.
Author: Language: English Episodes: 100

Broken Pie Chart
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