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Dec 07 2023

Long-Term Prospects: Looking A Bit Better

  • Dec 7, 2023

It would take a solid December gain of about 5% to bring the S&P 500 back to its all-time high of 4,796.56—printed on January 3, 2022. Well then, what’s been accomplished in the nearly two-year trip to nowhere? For one, valuations for the cap-weighted S&P 500 have receded from truly bubbly readings to levels we’d merely consider “pretty damn high.” 


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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager