Aussie dips, UK braces itself, Powell ready for a grilling
NAB Morning Call
00:00
The Rise of the Equity Market in the US
S&P earnings yield is currently 4.77%, forward looking, it's 5.3%. You look at that rate of return against the three month treasury bill, which is at 5.2%. I think there will be some people out there asking, well, should you be taking the earnings risk? If you can basically earn a risk free yield about the same rate. It may also be reflective of perhaps financial additions not being as tight as previously thought,. just given you have seen a pretty early stabilization in global housing markets, even though rates are rising.
Transcript
Play full episode
