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Is 20x The New Ceiling For US Equity Multiples?
A little over a month ago, JPMorgan suggested US equity valuations reset structurally higher over th
At 14X you would see a smile of Ben Graham’s face but those under 30 would start having coronaries.
Heck, merely reverting to 2022 valuations would take us down 4 PE points or below 4,500 if no change to current S&P 500 forward estimate.