A highly respected valuation gauge developed by Robert Shiller hit a mark showing that the S&P 500 is now pricier than 96% of all quarters in history.
Wall Street is quick to note that 97% of all hospitalizations for COVID-related symptoms are among unvaccinated persons. The vaccines are working.
Dealmaking is another way companies could deploy their resources, with Goldman projecting S&P 500 cash spending on M&A will jump 45% this year.
Gundlach highlights that he’s not a fan of BTC and adds that he does not own the leading crypto asset, even after its 50% plunge from record levels.
Billionaire Leon Cooperman Advises Americans to Buy Everything: "Nothing Overvalued" In This Rate Environment
“There’s nothing overvalued in today’s interest rate environment except the bonds,” the Omega family office chairman says.