VOO: S&P 500 Hits 22x Earnings, Bullish Election Seasonality Pulled Forward
Portfolio Pulse from
The S&P 500 surged nearly 4% post-election due to bullish seasonality and dovish Fed signals, reaching new highs. Despite strong gains, VOO's high valuation and lower EPS estimates suggest a cautious hold rating. Positive fundamentals include robust Q4 GDP growth and potential corporate tax cuts, but risks like mass deportations and tariffs loom.
November 10, 2024 | 4:00 pm
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VOO, an ETF tracking the S&P 500, surged nearly 4% post-election due to bullish seasonality and dovish Fed signals. However, its high valuation and lower EPS estimates for next year suggest a cautious hold rating.
VOO's performance is closely tied to the S&P 500, which saw a significant post-election surge. However, the high valuation and lower EPS estimates for next year indicate potential consolidation, warranting a cautious hold rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90