While the markets are down from their December ’22 peaks, they are not cheap at a trailing P/E multiple of 20-21x from a historical perspective, and further multiple compression (and also time correction) cannot be ruled out.
US stocks: Dow rockets 1,100 points, S&P over 2% as oil slide cools inflation worries; Nvidia slumps
US stocks experienced a notable upswing on Monday following a decline in oil prices that calmed inflation worries and propelled market growth. The S&P 500