Global Equity Risk Premia - 2024-01-21

With the S&P 500 making a new all-time high (ex-dividends) on Friday for the first time in over two years, it seemed like a good idea to check its valuation relative to other world markets. Well... based on the equity risk premium, it's the most overvalued market in the world, almost twice as much so as number two, the Netherlands. But then again it has been for most of the last two years, and also among the best performing, so...