Market Is Fairly Valued Here on Earnings Expectations, Hogan Says

The video discusses the S&P index, highlighting a recent rally despite a lower profit outlook. It evaluates the current valuation of the S&P 500, noting it is trading at a high multiple of expected earnings. The discussion shifts to sector analysis, identifying energy and financials as undervalued, while utilities and consumer staples are seen as overvalued. The financial sector is performing better than expected, despite concerns about yield curves and interest rates. The video concludes with a focus on the utilities sector, questioning its high valuation given the current yield environment.

Why might investors prefer the utility index over the US 10-year yield?

What is the concern regarding the yield on the utility index?