Cheap Stocks And Investor Demand Drive P/E To 25 Year Low
The S&P 500 (INDEXSP:.INX)’s rally this year has been driven by multiple expansion, and investors have responded by buying cheap stocks that will benefit from market trends without necessarily having the best fundamentals. The result is low dispersion of valuations, a market that will need strong earnings to keep growing, and a preference for growth stocks over the . . .
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