The Most Important Chart in the Market, and Why There’s No Safe Haven in Commercial Real Estate 6/15/23
CNBC's "Fast Money"
00:00
The Market Is Broadening
The forward PE on the S&P is about 19.4 times, up from 16 and a half years ago. But do you think that because this PE is so high at this point for the biggest megacap stocks, that that means that the whole market will come down or that this market is set next to broaden in terms of the participants? I think the market is broadening. Since SVB, that knocked what was broadening that was going on,. If you look at the 11 sectors and the S&p, they've all joined in over the last six days. They've all been higher effectively during that time. At some point, it does come back to value-
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