QVMM - S&P 500: Very Expensive Or Just Expensive?
2024-02-10 00:55:00 ET
Summary
- On the way to achieving another one of those round-number milestones so beloved by the financial media talking heads, it was the usual mega-cap stalwarts leading the way.
- Meta (Facebook) and chipmaker Nvidia have been particular standouts on the road to 5,000 for the blue chip index.
- One thing that is different between today and a year ago – unsurprisingly, given the stonking 26.3 percent total return for the S&P 500 in 2023 – is that stocks are a whole lot more expensive than they were.
Meet the new year, same as the old year… or so it would seem by the price dynamics of the S&P 500 in the early weeks of 2024. On the way to achieving another one of those round-number milestones so beloved by the financial media talking heads, it was the usual mega-cap stalwarts leading the way....
S&P 500: Very Expensive, Or Just Expensive?