Jim, thanks for your analysis, as always so welcome during turbulent times.
You say we are still in a structural bull market. Does that imply that your normalized P/E for the s&p 500 is still 19 to 20? And why should it stay there given the erratic trade policies SHOULD increase the rate at which we discount future earnings not lower them. Thanks;
Jim, thanks for your analysis, as always so welcome during turbulent times.
You say we are still in a structural bull market. Does that imply that your normalized P/E for the s&p 500 is still 19 to 20? And why should it stay there given the erratic trade policies SHOULD increase the rate at which we discount future earnings not lower them. Thanks;