argus⋮notes

Is value cheap or expensive?

The relative valuation of the cheapest 50% of the U.S. stock market compared to the expensive half is at the 3rd percentile in 40+ years of data (GMO) ...

Are growth stocks overextended vs value stocks?

The ratio of Growth stocks to Value stocks in the US has hit a new record high, surpassing the peak of the dot-com bubble in March 2000.

Do companies with high ROIC outperform?

Companies with high ROIC tend to outperform over time but that outperformance is only possible of they are consistently undervalued by the market.

Is the growth in aesthetic procedures sustainable?

Between 2019 and 2023, the number of worldwide injectable aesthetic procedures, including botox and fillers, increased by a remarkable 36%, far outpac ...

How to protect portfolios against stagflation?

Stagflation historically meant concurrent bear markets in both equities and bonds, a rare and unpleasant combination for investors. This underscores w ...

Is industrial real estate in motion?

Industrial real estate, comprising warehouses, distribution centers, and logistics hubs, has emerged as a linchpin of the modern economy. Once a utili ...