SELC Enterprises

Research

Research on the numbers underneath the headlines, published as it's finished.

S&P 500 Earnings

Concentration and the margins plateau — where index earnings actually stand against the historical record. Updated quarterly.

Priced to Rebuild

US home prices against replacement cost, county by county.

Jobs, Revised

Payroll first prints against their latest vintages — how much the initial number moves.

Gold, at Weight

Allocation evidence from 1968 to 2026 — what gold has actually done at portfolio weight.

More coming.