Stocks may have further upside regardless of the outcome of the election.
The decline of real yields -– driven by Fed liquidity -- has played a big role in boosting stock valuations this year. That part of the move may be over. Real yields have bottomed after the Fed stands pat. This chart shows how the 10-year real yield and forward P/E move hand-in-hand. #stocktalk
The decline of real yields -– driven by Fed liquidity -- has played a big role in boosting stock valuations this year. That part of the move may be over. Real yields have bottomed after the Fed stands pat. This chart shows how the 10-year real yield and forward P/E move hand-in-hand. #stocktalk