Chart of the Day – July 23, 2020

By: Chris Wenner in Charts 07/23/2020

The Forward-P/E on the S&P 500 has expanded by over 50% from the March-lows.  Incredible recovery and repricing of risk assets.  This chart is a 30-yr look of this ratio, and today’s Forward P/E of 25.96 is less than a point under the high made in 1999.  Equities certainly are not cheap at prevailing levels  –

CW

 

By: Chris Wenner

Managing Director

Jonathan Molchan

Wennco's innovative strategies and robust OCIO capabilities are designed for RIAs, Family Offices, and high-net-worth individuals.

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