The S&P 500 Is Starting 2024 Trading At A Very Lofty 19.5x Valuation
The S&P 500’s Lofty Valuation: Tom Essaye Quoted in Blockworks
Bitcoin is trading on ETF news, but analysts caution on macro headwinds
“The S&P 500 is starting 2024 trading at a very lofty 19.5x valuation and while I’m not going to say that valuation is unjustified, I will say that valuation makes several key, positive assumptions about critical market influences in the coming year,” said Tom Essaye, founder of Sevens Report Research.
“And how reality matches up with those assumptions will determine whether stocks extend the rally (and the S&P 500 hits new highs and makes a run at 5,000) or gives back much of the Q4 Santa Claus rally.”
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