The connection among inflation, P/Es, and stock prices

The inflation rate drives the level and pattern of P/E. This single factor clarifies secular stock market cycles in terms of math. This rule recognizes the considerable impact that securities exchange revaluation has on acknowledged market returns. It likewise features the need to concentrate on decade-long stretches and not centurylong average returns. P/E is the … Continue reading The connection among inflation, P/Es, and stock prices