Stocks are poised for something that hasn’t happened since the days of the dot-com bubble
The S&P 500 is flirting with what would be a rare accomplishment: rising 20% or more during two consecutive calendar years.
The last time it happened was 1998
Prior to that, stocks hadn’t seen such strong gains for two years in a row since 1955
Based on Wall Street’s profit forecasts over the next year, the S&P 500 recently traded at a ratio of 21.6 times forward earnings, compared with just under 24 times in late 1999.
Joseph Adinolfi MarketWatch 26 September 2024
Tillbaka till den 26 September 2024
Wall Street och Stockholm 26 september 2024 (englundmacro.blogspot.com)
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