Wall Street faces danger signs after best quarter since ’98 | Reuters


Much of Wall Street’s gains in recent months has been driven by the trillions of dollars in stimulus from Congress and the Federal Reserve and by investors’ confidence that the Fed is prepared to take additional measures to support the economy and financial markets.

Still, the rally has exacerbated some investor concerns, including the high stock valuations. The S&P 500’s forward price/earnings ratio, a closely followed valuation metric, now stands at 22, its highest level since the dot-com boom.

Source: Wall Street faces danger signs after best quarter since ’98 – Reuters

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