US earnings season and influence on share appreciation

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[ADVISOR VIEW] As we are nearing the end of the second quarter US company earnings season, it is always a good opportunity to pause and reflect on your investment ideas and portfolio positioning: Franske Neiteler - PSGPretoriaOos. Moneyweb Shares

As we are nearing the end of the second quarter US company earnings season, it is always a good opportunity to pause and reflect on your investment ideas and portfolio positioning.

Although important, the valuation multiple is of less significance over the long run as it is mostly rangebound and will most likely only add/detract a certain amount of performance over the short term. As seen below, the S&P 500 Index PE multiple broadly ranges between 16 and 23 over a period of 10 years .

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