S&P 500 Most Expensive In History Based On Price To Sales

After producing a nominal return of around 15% per annum for the past seven years, GMO’s James Montier and Matt Kadnar believe that over the next seven years the index will produce a total return of -3.9%, based on the assumption that valuations revert to the historical average. However, while their outlook for the market as a whole is downbeat, the duo still sees value in certain sections of the market. [klarman] Q2/H1 Hedge Fund Letters – Letters, Conferences, Calls, And More Baupost Letter Points To Concern Over Risk Parity, Systematic Strategies During Crisis AI Hedge Fund Robots Beating Their…