The latest six - week period covered in our latest Industry Price Performance rankings was a decent
stretch for the equity markets.
Not exact matches
Equity Markets: It's worth noting that at a forward P / E ratio of just over 17x
for the S&P 500, valuations do not appear to be
stretched.
The rationale
for this tactical shift has as much to do with the state of American
markets as of those across the pond: There's a growing political risk, evidenced by the health - care debacle, that the new administration in Washington, D.C., will not be able to deliver much on its agenda — all while U.S.
equity valuations remain
stretched.
At current levels of the
market, the yield of these bonds more than compensates
for the possibility of capital growth in
equities (valuations are
stretched)