Despite the threat of CPI hovering over the US markets and notably hawkish minutes from The Fed (more divided over the scale of cuts than previously thought), which dragged rate-cut expectations lower still the S&P 500 hit another all-time intraday record high today and is now experiencing the strongest YTD performance of the 21st century.
But the US mkt isn't cheap...
Source: Bloomberg
Neither is the SP500...
Source: Bloomberg
Happy Thursday!
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Andy is the founder of ANDIKA Pty Ltd, a licensed securities & derivatives dealer. He's the author of fiction and non-fiction books and has been a University lecturer on risk and investment.
