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What's Really Going On At Goldman Sachs?

The Compound and Friends

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The Rise of Valuations in the S&P 500

The S&P 500 is trading at 27 times earnings. That's the same level as in July, 2020. Back then low interest rates made the valuations look more sensible. The 10 year treasury offers more than two and a half times the S-P 500 dividend yield.

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