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NASDAQ 100 valuations are normalizing towards long-term averages

00:01 - 02/04/25

 

 
During first half of the 2020s decade we've seen record US home price appreciation on a nominal & real basis. A repeat performance in the back half of the decade is highly unlikely and the base case expectation should be a reversion to the mean

 

Goldman looks for SPX 5300 within the next three months before hitting 5900 again in about a year

 

 

China has built more than a third of the ships currently on water

 

 

“Reversion to the mean is the iron rule of the financial markets.” - John Bogle

 

 

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