The spread between earnings yield, which is the inverse of the price-earnings (P/E) multiple and bond yield rose to 258 basis points, the highest in the five years, according to Bloomberg data.
Andrew Freris cautions investors on overheated US equities and rate-cut hopes
Andrew Freris criticizes the Federal Reserve’s rate cut, deeming it based on outdated data and ignoring accelerating inflation. He maintains a negative outlook on US