TSX:AX.PR.E - Post by User
Post by
Torontojayon Jul 13, 2024 10:34pm
190 Views
Post# 36131919
S&P earnings yield
S&P earnings yield Is now ~ 3.4% compared to the 10 year at about 4.2%.
This rally for the S&P is not sustainable and it is
more about a multiple expansion than an earnings expansion. Expectations for future earnings are too rosy and it usually does not end well when reality kicks in.