That giddy sensation
The S&P 500 index is trading around 21 times its expected earnings over the next 12 months. Outside of the unusual COVID-19 years, that is substantially higher than it has typically traded over the past 20 years.
The S&P 500 index is trading around 21 times its expected earnings over the next 12 months. Outside of the unusual COVID-19 years, that is substantially higher than it has typically traded over the past 20 years.
