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Jun 05 2020

“Normalizing” For The Earnings Collapse

  • Jun 5, 2020

Stocks (and more specifically, U.S. blue chips) did not fully (nor even approximately) discount the economic calamity. The result is that, in just over two months, the “baby bull”—if that’s what it is—has achieved what took his legendary predecessor more than eight years to accomplish: Top 25x on our Normalized P/E.

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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager