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Dec 05 2020

Super-Rarified Air

  • Dec 5, 2020

The 2020 post-election stock surge looks and feels a lot like the 2016 “Trump Bump.” But, of course there’s a spoiler. The Biden Bump started with a Normalized P/E level about 30% higher than the one prevailing on election eve of 2016 (26.8x versus 20.5x, respectively). 


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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager