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Aug 05 2022

Valuations: Living Beyond One’s Means?

  • Aug 5, 2022

We won’t dispute that investors were not genuinely frightened at the June market lows, or that fears have evaporated following a 13% rally in the S&P 500. The distress is understandable: For 26 traumatizing days in 2022, our S&P 500 Normalized P/E multiple traded below its 1957-to-date top decile!

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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager