CIO Tony Caxide offered his investment expertise to MarketWatch, providing a perspective on the S&P 500 NTM P/E ratio, and the disconnect between a strong market and weak fundamentals.

“With the S&P 500 NTM P/E ratio at multi-year highs, we feel that it is legitimate to be concerned about the disconnect between a strong S&P 500 and weak fundamentals, such as earnings,” said Chief Investment Officer Tony Caxide at Hamilton Capital. “Investors seem to be riding ‘on a wing and a prayer,’ trading on high-level themes,” such as momentum and technical tools, rather than fundamental research and historical valuation metrics.

Read more in MarketWatch.