The reward for owning stocks over bonds hasn’t been this slim since before the 2008 financial crisis. The equity risk premium—the gap between the S&P 500’s earnings yield and that of 10-year Treasurys—sits around 1.
59 percentage points, a low not seen since October 2007.McDonalds layoffs. Rate hikes finally hitting the low end of Labor market. The most robust employment hub.
Stocks have lost their appeal now, and fixed funds are now placed in decentralized, stable, safe and reliable
Because uneducated people bid up stocks that have no basis in value. Sad to see such behaviors.
Way to go Joe!
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