With all the chatter about recessions and corrections, one could be forgiven for forgetting about one of the key concepts and tools in investing; valuations. Careful study of valuations can help identify relative opportunities, put time on your side, and help you get ahead of major market risks.
The chart of the day here comes from a report on global equity valuations (which took a broader look at several valuation metrics).
The chart shows the PE10 valuation metric for the three major chunks of global equities: USA, EM (Emerging Markets), and DM Ex-US (Developed Markets