Valuation Warnings Hint at Lackluster Decade Returns
"Today’s multiple of 25x normalized earnings implies +2.6%/yr annualized returns over the next decade based on the historical relationship." – BofA Savita pic.twitter.com/6EojH5JtYl — Daily Chartbook (@dailychartbook) March 6, 2024 As the market soars to new heights, whispers of caution …