
Surveillance: Fed Skip with Luzzetti
Bloomberg Surveillance
00:00
The Market's Widening Opportunities
I'm optimistic that inflation can come down very well on its own without any more restriction. The forward PE of the S&P 500 was 15.1 on October 12th when the market bottomed. If you take out the MEGA cap 8, which are unusual stocks, you get a multiple of about 16. So I think there are still opportunities in the market.
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