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Jan 18 2022

Get Used To Higher Valuations

  • Jan 18, 2022

In recent decades, U.S. companies have dramatically improved the profitability of labor. The implications for the valuation of equities have gone virtually unnoticed! An unprecedented surge in business-investment spending in relation to the overall economy—primarily driven by new-era technologies introduced since the early 1990s—shows evidence of substantially and, perhaps permanently, lifting the stock market-valuation range. If this proves correct, investors will eventually have to “Get Used To Higher Valuations.”

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About The Author

James Paulsen / Chief Investment Strategist