Sam Ro

Sam Ro

@tker.co

Editor of TKer.co | Chief evangelist of the stock market usually going up 📈

53.5K followers373 following1.4K posts

Sam Ro
@tker.co

"...when a Democrat was in the White House, Democrats thought the stock market was more likely to do well over the coming year. When a Republican became president, Democrats downgraded their expectations. Republicans did the exact opposite." - Jason Zweig www.wsj.com/finance/inve...

Sam Ro
@tker.co

Chart of the year

Yardeni Research@yardeniresearch.bsky.social

Semiconductor earnings are up 176% year-over-year, yet the industry's P/E has collapsed to just 14.2. The market doesn't believe its own profit forecasts. 🔒 Members-Only

quicktak.esIrrational Exuberance In S&P 500 FEMO?Are analysts' earnings expectations for the S&P 500 irrationally exuberant? So far this year, FEMO (fabulous earnings momentum, as measured by actual earnings per share) has been soaring, while FOMO (fear of missing out, as reflected in P/E multiples) has been mostly retreating. Much of that earnings optimism
Sam Ro
@tker.co

"Sentiment Fall Unanimously Since Jan 2026. Substantial Drops for Republicans, Independents, and Least Wealthy" - UMich Sentiment Survey

Sam Ro
@tker.co

“That warm fuzzy feeling you get from him is hard to square with the neck tattoo and the the he spent in prison for killing two people. (He claims he killed four more.)” - Allison Schrager

Sam Ro
@tker.co

"This is the highest reading for the one-year-ahead inflation expectations since May 2023."

New York Fed@newyorkfed.org

Our September 2026 Survey of Consumer Expectations shows that households’ inflation expectations increased at the short- and medium-term horizons and remained unchanged at the longer-term horizon. #[nyfed.org/3WdzYio

Sam Ro
@tker.co

"We estimate that around $140 trillion in US household wealth will change hands over the next 20 years... Equities account for the largest projected transfer, at about $70 trillion over 20 years..." - Moodys

Sam Ro
@tker.co

"The Consumer Confidence Index deteriorated notably in September, following two prior months of softening... References to prices, the high cost of goods and services, and oil and gas prices in particular, rose to new heights, reflecting September’s surge in fuel costs." - The Conference Board

Sam Ro
@tker.co

"The S&P 500 P/E has declined this year alongside rising interest rates" - GS

Sam Ro
@tker.co

"..broad agreement across the political spectrum that the outlook for the economy has weakened.. After particularly large declines in sentiment this month, Republican sentiment is now 20% lower than January 2026; Democrats are down 13% over the same period." -UMich sentiment survey sca.isr.umich.edu

Sam Ro
@tker.co

Bonds don't get enough credit for how they helped advance the world. Like many of history's great inventions, bonds emerged from the need to solve big problems. But their earliest forms were crude, and their development has been a fascinating process involving many characters and many challenges...

Sam Ro
@tker.co

No one is better suited to tell this story than @robinwigglesworth.ft.com, an accomplished journalist who has a more comprehensive understanding of financial history than 99% of those reporting on it. Robin is an incredible writer with a unique ability to transport readers back in time and...

Sam Ro
@tker.co

...guide them through worlds as they unlock the incredible power of the bond market. "A Fabulous Debt" is entertaining, immersive, and deeply informative. It's a must-read for anyone who can appreciate that the market is about more than basic bond math.

Sam Ro
@tker.co

That’s about the time many high performers leave for the bigger pay bump

U.S. Bureau of Labor Statistics@usbls.bsky.social

Median tenure with current employer increases to 4.1 years in January 2026 www.bls.gov/news.release... #BLSdata

Sam Ro
@tker.co

“Father Time always wins. He has, however, been generous with me.” - Warren Buffett

Sam Ro
@tker.co

“…we are moving our S&P 500 target of 8,400 for year-end to mid-2027. Our new target for the end of 2026 is 7,900. Our end-of-decade target remains at 10,000.”

Yardeni Research@yardeniresearch.bsky.social

The S&P 500 target just moved from year-end to mid-2027. The earnings forecast stayed exactly the same. 🔒 Members-Only

quicktak.esProceed With CautionI. Lowering S&P 500 Target On Saturday, we lowered the subjective odds of our Roaring 2020s base-case scenario from 80% to 70%. We raised the odds of a bearish outcome from 20% to 30%. Today, we are moving our S&P 500 target of 8,400 for year-
Sam Ro
@tker.co

This is a great crash course for anyone behind on the issue. Gonna send it to my parents

Ben Casselman@bencasselman.bsky.social

Yesterday, the yield on the 10-year Treasury hit 5 percent for the first time since 2023. Today, I'm on The Daily explaining why yields are rising, and why you should care. Give it a listen! www.nytimes.com/2026/09/15/p... #EconSky

nytimes.comThe Bond Market Is Flipping Out. Here’s Why You Should Care. (Gift Article)Just about everybody is affected by the rising interest rates caused by the turmoil. Our economics correspondent explains what’s happening.
Sam Ro
@tker.co

👀📉 Wells Fargo: “After turning cautious into September, we’re officially trimming our S&P 500 target to 7700 (from 7950).”

Sam Ro
@tker.co

"...we are entering a seasonally weak period and in our view are overdue for a pullback: we've had one 5% pullback this year (in March) vs. three per year typically; 10%+ corrections happen once per year on average, and the last was Spring '25." - BofA

Sam Ro
@tker.co

"During periods of above-trend EPS growth (~15% y/y), 10yr yields can continue to rise to ~5% before the equity multiple starts to de-rate... The durability of earnings growth will remain the focal point for equity investors." - JPM

Sam Ro
@tker.co

"Rising interest rates are a headwind for equity valuations, but earnings are the most important driver of stocks." - Goldman's Snider

Sam Ro
@tker.co

"The national average for a gallon of regular gasoline went up 13 cents since last week to $4.27 as crude oil prices continue climbing. ...the national average is increasing during a season when gas prices typically go down due to lower gasoline demand." - AAA