Are We Valuing The Market Incorrectly?

If you look at any financial media site, you'll no doubt run across articles scrutinizing the various pricing metrics that investors tend to evaluate stocks with, price-to-earnings (the Shiller variety is popular right now, pictured below), price-to-sales, price-to-book, the list goesMacro strategist and investment advisor from Southern California. You can also find me on YouTube and Substack under my name; my weekly newsletter is called The Macro Obsession.Analyst’s Disclosure:I/we have a beneficial long p ...