4min chapter

Animal Spirits Podcast cover image

Talk Your Book: The "Tech Heavy" Nasdaq

Animal Spirits Podcast

CHAPTER

Is the Stock Market Guessing Into Making Us Believe That Things Are Better Than They Are?

The 12 month T-bill hit the highest level since like 2001. The dividend yield on stocks is now lower than you can earn on a short term bond fund. We've definitely seen retail start to shift their mentality from just buying stocks to buying bond ETFs. If we look at the price earnings multiple last year, it came down as the prices came down but we were basically at a fair value historically.

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