Genevieve Roch-Decter, CFA
@GRDecter · Aug 9, 2023
Stocks are pricey compared to bonds.
Gap between the S&P 500's 12-month forward earnings yield and the 10-year U.S Treasury note hit a two-decade low of under 100 basis points. This is a ~2 standard deviation event.
Last time the gap got this small was the dot-com bubble.
Elon Musk
@elonmusk
!
09:55 PM · August 9, 2023 · 138.3K views
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