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The 12 month forward earnings yield of S&P 500 was 5.4% as of last Friday, with a minority of analysts having updated their earnings estimate to incorporate rec
by mortehu 9y ago
The 12 month forward earnings yield of S&P 500 was 5.4% as of last Friday, with a minority of analysts having updated their earnings estimate to incorporate recent tax rate changes. That yield means there's still an equity premium, even if earnings stay flat after 2018.