Savvy Trades and Investments

[wadegarret]

Hweb, BGFV & ASO

The problem is expectations for 2022 are that earnings will trend down. Once any company has down trending revenues and earnings, valuation is reduced. That's why ASO has a tiny PE, as does BGFV only 7 or so. I personally would stay away from the entire group.

At the same time, I would stay away from this market in general ! 2-3 interest rate hikes expected for 2022, and 3 or more in 2023 doesn't bode well for making money in the stock market IMO. All the while, valuations in all indexes are stretched huge already. I personally like money in the bank right now, as I feel we are in a 1980s possible situation