Initial Public Offerings (IPOs) and Secondary Equity Offerings (SEOs) and S&P 500 Fwd 12-Month P/E - Leading Indicator
Peaks in equity market issuance tend to precede peaks in S&P 500 P/E multiples.
Image: BofA Research Investment Committee
Peaks in equity market issuance tend to precede peaks in S&P 500 P/E multiples.
Image: BofA Research Investment Committee