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Stocks Are Expensive. How That Could Change.

Por: MarketWatch Business January 31, 2024

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The 10-year average is 17 times. And the index looks even pricier if one assumes forecasts for profits could . With aggregate earnings at $230, the ratio would be pushed up to more than 21 times. In short, as Chief Market Strategist Marko Kolanovic puts it, “the strong rally since the end of October has pushed both credit and equity markets into expensive valuation territory.” That’s not necessarily a problem in itself. If the economy is... + full article



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