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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
Daily Archives: November 13, 2024
Higher rates tend to be self-correcting
With a price of more than 5x book value (lower right), U.S. stocks are the most overvalued since the tech-mania top in March 2000. At 3x price-to-sales (lower left), the recent euphoria has returned to the fall 2021 level and … Continue reading
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