Tuesday's stock market bounce fizzled though growth did well. China markets and a looming Fed meeting decision are in focus. Read More...
MarketWatch
In 2017 I wrote that U.S. stocks were not overpriced. That’s still true.
On August 21, 2017, with the S&P 500 (SPX) at 2,428, I wrote a MarketWatch column that pushed back against gloom-and-doom pundits who were predicting an impending market crash. At the time, the 10-year Treasury (BX:TMUBMUSD10Y) yielded 2.18%, so that the real, inflation-adjusted rate was near zero, compared to a 3.3% real earnings yield on stocks. The S&P 500 now is 80% higher.
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