Analysis-Rate Cuts Are Here, but US Stocks May Have Already Priced Them In
Other valuation measures, including price-to-book value and price-to-sales, also show stocks are well above their historic averages, Societe Generale analysts said in a note. U.S. equities are trading at five times their book value, for instance, compared with a long-term average of 2.6.
1hon MSN
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