SPGP - Plenty Of Price Not Much Sales

• With Brent crude oil attacking $65 and U.S. home prices up 10% over the last year, to name just two inflation indicators, it may be wise to recall that the 10-Year t-note touched 3.24% as recently as November 2018.
• The Street expects the Federal Reserve (Fed) to hold off on rate hikes until the cows come home, yet the consensus also expects the labor market to be on fire, with just 4.6% unemployment in 2022.
• Stocks that trade for 10, 20, 30 times sales, many based on hopes and dreams of robust profits in 2025 or 2030 or beyond, may look appealing to some investors when Treasury rates are 0% or 1%.

For further details see: