Below is a chart and excerpt from today's Early Look written by Director of Research Daryl Jones.
Stocks are certainly cheaper at ~16.4x forward P/E, but arguably they aren’t cheap versus longer run averages and the prevailing interest rate. |
Below is a chart and excerpt from today's Early Look written by Director of Research Daryl Jones.
Stocks are certainly cheaper at ~16.4x forward P/E, but arguably they aren’t cheap versus longer run averages and the prevailing interest rate. |