Comments

You must log in or register to comment.

CheeseSteak17 t1_iuihjzx wrote

The most real plot I’ve seen on this sub. Thanks.

5

VisualMod t1_iui184c wrote

>The chart above shows the ratio of real yields (inverted) to forward 12-month P/E ratios for the S&P 500. A rising ratio indicates that equities are becoming relatively cheaper, while a falling ratio indicates that they are becoming relatively more expensive. As you can see, since early 2018 equities have become increasingly cheap relative to bonds. This is due to the sharp decline in bond yields (driven by Fed rate hikes and quantitative tightening), combined with only modest declines in equity valuations. We believe this trend has further to run, as we expect bond yields to continue declining while equity valuations remain broadly unchanged. This should lead to continued outperformance of stocks over bonds in 2020.

2

VisualMod t1_iui173n wrote

User Report
Total Submissions 84 First Seen In WSB 1 year ago
Total Comments 1335 Previous DD
Account Age 3 years [^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.) [^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)
Vote Spam Click to Vote Vote Approve Click to Vote
1