Global Equity Risk Premia - 2023-08-06
Date:
Monday, August 7, 2023
Summary:
This is getting ridiculous. The US equity risk premium is the narrowest in the world, but it's not just because of high bond yields. It's also just a matter of equity valuation, pure and simple, with the US forward PE the highest in the world. But that's just the S&P 500. Small-cap and mid-cap universes are very normally valued.