VTI - SPY: The 'Value' From Equities Is Historically Low
2024-04-25 15:03:09 ET
Summary
- Today, we look at the market from a historical valuation perspective.
- At current levels, the S&P 500 is providing next to no risk premium compared to risk-free assets like the 10-Year Treasury.
- There are several ways this lack of risk premium can get resolved in the markets, few of them good for investors, as discussed in the paragraphs below.
Equities have managed to bounce somewhat this week on better-than-expected Q1 results from the likes of General Motors ( GM ), Novartis ( NVS ) and other notable names after the S&P 500 (SP500, SPX) posted its worse weekly performance since March 2023 the previous week....
SPY: The 'Value' From Equities Is Historically Low