Since the #COVID19 shock in the first quarter of 2020, cyclically adjusted price-to-earnings ratios have mostly recovered to their pre-pandemic levels, note @RobertJShiller of @Yale , Laurence Black of The Index Standard, and Farouk Jivraj of @Barclays .
A new indicator confirms the relative attractiveness of equities worldwide, particularly given a potentially protracted period of low interest rates. @RobertJShiller of @Yale , Laurence Black of The Index Standard, and Farouk Jivraj of @Barclays explain.
BTW, fortuitously, the Odd Lots episode that's coming out on Monday is an interview with Farouk Jivraj, Barclays' head of investment strategies research, who's prime area of work is in cross-asset correlation. So subscribe now.