Stocks Are Cheap…Compared to Bonds – ValueWalk Premium

Stocks Are Cheap…Compared to Bonds

Despite the recent S&P 500 rally, stocks are still cheap relative to bonds, that’s the key takeaway from a research note out today from Bank of America Merrill Lynch, which looks at the Fed Model of equity valuation.

In Year of “Improbable” Events, Stock Rally Is A Valuation Fairy Tale

The Fed Model is based on the comparison of the earnings yield on stocks with bond yields. It’s a simple strategy the many investors tend to overlook in favour of more . . .


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