Something happened to the valuation of US stocks about thirty years ago.
The last several decades have just been really strange. They have featured two epic bubbles, a once-in-a-lifetime financial crisis, a revolution in monetary policy and a global pandemic. Maybe it would be unrealistic to expect any market regularities to hold in such a whirlwind.Foto: Vincent Thian/AP/NTB
Robert Armstrong (FT)
Publisert 3. June 2024, kl. 09.06Oppdatert 3. June 2024, kl. 09.06
