Stocks: Should We Be Worried About Valuation Levels?
What Really Drives Markets?
Jonathan Baird CFA
Nov 7 · 2 min read
Valuation levels are a constantly debated topic given their presumed influence on future investment returns. Yet, market forces regularly drive valuation metrics to extremes. We are at such a juncture, with cash flow as a percentage of market cap threatening to break below the historically low levels seen at the turn of the…
Published at Sun, 07 Nov 2021 12:07:02 +0000
