So, clearly you are seeing sectors like say real estate, utilities and industrials where the sectoral growth has been faster than the earnings growth, so index has moved up way ahead of earnings estimates.
Silver hits $60 per ounce for first time, gold rises ahead of Fed rate decision
Gold prices edged higher as traders anticipated the U.S. Federal Reserve’s interest rate decision. Meanwhile, silver surged to an all-time high of over $60 per