Jun 09 2021
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Inflation vs. S&P 500 Trailing P/E
The U.S. equity market tends to see multiple compression when inflation rises (R² = 0.54).
Image: BofA US Equity & Quant Strategy
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The U.S. equity market tends to see multiple compression when inflation rises (R² = 0.54).
Image: BofA US Equity & Quant Strategy