Valuation – Relative Forward P/E of Bottom S&P 500 ex. Top Decile Stocks vs. S&P 500 The bottom 450 stocks in the S&P 500 remain cheap relative to the top 50 stocks. Image: BofA US Equity & Quant Strategy
Valuation – Shiller CAPE P/E Ratio Does the Shiller CAPE P/E ratio suggest that the bear market is not over? Image: Topdown Charts
Valuation – Real S&P 500 Index with Recessions and S&P 500 Shiller CAPE Ratio The S&P 500 does not look cheap despite the market sell-off. Image: Real Investment Advice
Valuation – Global Equities Patience is a virtue for long-term investors. Global equities are not very cheap yet and there’s still a risk of a global recession in 2023. Image: Goldman Sachs Global Investment Research
U.S. Dollar – Overall Weighted Valuations Ranked How long will the U.S. dollar remain the most expensive currency in the world? Image: Deutsche Bank
Valuation – 60/40 Annualized Returns and S&P 500 CAPE Ratio Historically, peak valuations do not bode well for 60/40 portfolios. Image: BofA Research Investment Committee
Valuation – S&P 500 Next-Twelve-Months P/E Multiple Is the S&P 500 still too expensive? Image: Goldman Sachs Global Investment Research
Valuation – Total U.S. Market Capitalization as a Percent of GDP Should investors expect more pain for the U.S. stock market? Image: Morgan Stanley Wealth Management
Valuation – MSCI AC World 12-Month Forward P/E and 10-Year Real U.S. Treasury Yield The surge in U.S. real rates does not bode well for global equities. Image: Goldman Sachs Global Investment Research
Valuation – S&P 500 FY2 P/E Ratio and 10-Year Real U.S. Treasury Yield U.S. stocks are at risk of slipping further, as U.S. real rates and S&P 500 valuation have dislocated. Image: Goldman Sachs Global Investment Research