Entertainment Trends

Market Valuation and Forward Returns Show No Correlation, says Citi

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 8 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 63%

Finance News

Market,Valuation,Forward Returns

Citi US equity strategy director Drew Pettit states that the correlation between market returns and price to earnings ratio (PE) is almost zero over the past 20 years. The S&P 500 is currently trading at a PE ratio of 22, which is in the 92nd percentile for the last 20 years. Citi's equity strategy team remains optimistic about stocks, despite this valuation. They predict the index to close the year at 5,100.

The correlation between market returns and price to earnings ratio (PE) is almost zero over the past 20 years, according to Citi US equity strategy director Drew Pettit. The S&P 500 is currently trading at a PE ratio of 22, which is in the 92nd percentile for the last 20 years.

Citi's equity strategy team remains optimistic about stocks, despite this valuation. They predict the index to close the year at 5,100.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in ENTERTAİNMENT

Entertainment Entertainment Latest News, Entertainment Entertainment Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pop in Freight Rates Reverberates Through the Global Oil MarketThe recent pop in freight rates is having a significant impact on the global oil market. As shipping costs rise, it becomes more expensive to transport oil from one location to another, leading to higher prices for consumers. This increase in transportation costs is reverberating throughout the oil market, affecting both supply and demand.
Source: BNNBloomberg - 🏆 83. / 50 Read more »