No Letup in the Valuation Meltdown

Jun 18, 2022 1 min read
No Letup in the Valuation Meltdown

The S&P 500’s forward P/E fell to 15.4 on Friday from just over 20.0 at the start of this year. That’s around the historical average for this valuation multiple. Lower readings typically have been associated with bear markets and recessions. The index fell into a bear market on Monday, but the jury is out on the recession call.

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