Valuation - S&P 500 P/E, S&P Equity Risk Premium and U.S. 10-Year Treasury Yields

Is the S&P 500 headed for new lows? U.S. stocks are not cheap yet, despite the valuation compression.

Image: Morgan Stanley Research

S&P 500 P/E, S&P Equity Risk Premium and U.S. 10-Year Treasury Yields