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Where Goldman says investors should be looking for bargains. Hint: the S&P 500 is too expensive

Por: MarketWatch Politics October 18, 2022

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“Despite elevated recession risk, geopolitical tension, and a generally murky macro outlook, the earnings yield gap — a common proxy for the equity risk premium — trades close to the tightest levels in 15 years,” the strategist team wrote. “Relative to both real 10-year Treasury yields and investment-grade corporate bonds, the S&P 500 index valuation ranks above the 75th percentile since 1980.” However, Goldman’s strategists still... + full article



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