FMS Investors and Stock Market Valuation

FMS Investors and Stock Market Valuation Is the stock market overvalued? Large number of FMS investors still think stock market is “overvalued” at 71%. Image: BofA Global Fund Manager Survey

U.S. Growth Stocks P/E Ratio: 1987-2009 vs. 2008-2020

U.S. Growth Stocks P/E Ratio: 1987-2009 vs. 2008-2020 Are growth stocks overvalued? This chart shows the P/E ratio on growth stocks during the dotcom bubble compared to the period 2008-2020. Image: Alpine Macro

Equity Over-Valuation Composite Indicator

Equity Over-Valuation Composite Indicator Is the current stock market the most overvalued since 1998? 78% of FMS investors think so. Image: BofA Global Fund Manager Survey

U.S. Dollar and the Big Mac Index

U.S. Dollar and the Big Mac Index The latest Big Mac index suggests that the U.S. dollar remains overvalued against most currencies. Image: The Economist

U.S. Stock Market – Valuation Metric

U.S. Stock Market – Valuation Metric Is the U.S. stock market overvalued? By historical standards, many traditional valuation metrics look expensive. Image: Charles Schwab

S&P 500 Valuation Metric

S&P 500 Valuation Metric Is the U.S. equity market overvalued? The S&P 500’s median valuation metric is in the 89th percentile. That’s not cheap by historical standards. Image: Goldman Sachs Global Investment Research

Global Valuation Map

Global Valuation Map This chart shows global valuation estimates across various countries, and suggests that the U.S. stock market is overvalued by +4%. Image: Morningstar Research

Cyclicals vs. S&P 500

Cyclicals vs. S&P 500 Chart suggesting that cyclicals are not overvalued vs. S&P 500. Image: Goldman Sachs Global Investment Research