Stocks Are Cheap…Compared to BondsRupert Hargreaves
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.
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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