Sentences with phrase «extreme valuation premiums»

The extreme valuation premiums afforded to defensive, high - quality and high - growth stocks means that their inverse corollaries — cyclically geared value stocks — are historically cheap and under - owned.

The extreme valuation premiums afforded to defensive, high - quality and high - growth stocks means that their inverse corollaries — cyclically geared value stocks — are historically cheap and under - owned.

Not exact matches

Second, if one wishes to argue that today's low interest rates will «justify» permanently extreme valuations even 10 - 12 years from today, it's useful to remember that if interest rates are low because the growth rate of cash flows is also low, then no valuation premium is «justified» at all.

The central issue is much more general: when extreme valuations and lopsided bullish sentiment are joined by deterioration in market internals, one faces an environment that couples compressed risk premiums with increasing risk aversion.

«Momentum (growth) stocks trade at an extreme premium to value stocks, with the valuation spread the highest since 1980, except for during the tech bubble,» JPMorgan strategist Dubravko Lakos - Bujas wrote recently.