Tonight We are Gonna Invest Like It’s 1999?
Podcast
12 min listen
October 22, 2020
In this episode
Chenlu Zhou, executive director on the multi-asset class factor research team, examines investor concerns about U.S. equity valuations.
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Is US Equity Overvalued? A Macro View
The model attributes high prices largely to the low-yield environment, which also implies a total expected equity return over the next decade much lower than the realized return of the 2010s.
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