Not exact matches
With the
correction in global stock markets still running its course, it's worth surveying some
valuation statistics across Developed Market
equities.
These nearly zero interest rates is what drove many U.S. and European fixed income investors towards higher income opportunities in their own home countries — so, they bought more
equities, REITs and dividend growth stocks over the last 5 years, driving up
valuations (though the February
correction has brought back some sanity.)
Robust consumer spending is typically a friendly factor for the
equity market, and may provide a reason to maintain
equity exposure, in my view, despite high
equity valuations seen over the past year and the lack of any significant market
correction.