High CAPE ratio doesn't guarantee low returns
The argument was that while high CAPE ratios are associated with lower future returns on average, the relationship is noisy and not a reliable market-timing signal, especially given limited U.S. historical data.
Sign in to read the full idea
The argument, what validates it, the risks discussed and hearing it from the source are for signed-in members. Free accounts read 3 ideas in full a day. No card required.