Stock valuations elevated as warning signs rise
December 20, 2020 at 09:00 AM EST
By Mark Hackett The equity market has been remarkably resilient since 2019 even with unprecedented disruption. The S&P 500® Index has returned more than 50% since January of last year despite the expectation for no earnings growth between 2019 and 2021. As a result, the price-to-earnings ratio...