"A new dawn is coming to the U.S. stock market," says Chaikin, who's traded through nine bear markets. "It's time to throw out the investment blueprint of the last decade and prepare for a massive shift."

The chart with the last data of the MM US Stock Funtamental Index

S&P 500 Q3 2023 Buybacks Up 6.1% and Impact to Earnings Per Share Continues to Decline; Buyback Tax Reduced Operating Earnings by 0.39%.

US stocks could end this year 14% higher because banking turmoil will trigger a Fed pause, veteran investor Ed Yardeni says

Tom Lauricella, chief markets editor of Smart Investor at Morningstar, is reasoning about the puzzle of many analysts in this period: whether the stock market growth after mid October is the beginning of a new bull phase or just a recovery a mid term quote increase in a sideway period that may represent an accumulation waiting for an effective expansion.

Ed Yardeni affirms that the technicals confirm that S&P 500 has bottomed in October 2022.
In any case, the big question remains: is the index growth of these months the beginning of a new bull market or a short term rebound of a bear market that has still to end ?

S&P 500 Price to Book Value was 4.03 as of 2023-01-24, according to S&P Dow Jones Indices. Historically, S&P 500 Price to Book Value reached a record high of 5.06 and a record low of 1.46, the median value is 2.83. Typical value range is from 2.61 to 3.89.

The (blended) net profit margin for the S&P 500 for Q4 2022 is 11.4%, which is below the previous quarter’s net profit margin of 11.9% and below the year-ago net profit margin of 12.4%. However, it is equal to the 5-year average net profit margin (11.4%).

S&P Dow Jones Indices (“S&P DJI”) announced today preliminary S&P 500® stock buybacks, or share repurchases, data for Q3 2022.