Powell snub leaves stock bulls facing ruthless valuation math https://ift.tt/5Ovw9qp after a massive valuation correction, stocks are far from screamingly cheap, going by past bear-market bottoms. At the low in October, the S&P 500 was trading at 17.3 times profits, exceeding trough valuations from all 11 previous drawdowns and topping the median of those by 30%.
Saturday, November 5, 2022
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