Market Valuation, Inflation and Treasury Yields: April 2024
Our monthly market valuation updates have long had the same conclusion: US stock indexes are significantly overvalued, which suggests cautious expectations for investment returns. On August 4, 2020, the 10-year Treasury yield hit its all-time low of 0.52%. As of April 30, it was 4.69%. P/E10 and Inflation Here is…