Pricey Stocks, Prudent Moves: A Historical Lens on Market Expensiveness
The stock market isn’t just expensive; it’s alarmingly pricey. Nevertheless, historical trends suggest the potential for significant gains from its current level. In the year-to-date, the S&P 500 has surged nearly 15%, propelled by expectations that the Federal Reserve will refrain from further interest-rate hikes due to a declining inflation...