Cheap Stocks “As Expensive As They Have Ever Been”: Citi
Valuations have become more expensive overall as value stocks outperformed the market, according to research from Citi’s global quantitative team. Appetite for risk continued to rise, despite a temporary dip caused by the debt ceiling crisis, and now seems to be a good time for stock picking strategies, the team found.
PE dispersion between cheap (q1) and expensive (q5) baskets