S&P 500 Extends Gain, Up 3%, Nasdaq Up 3.6%
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US Stocks Remain Expensive - Goldman Sachs
October 17, 2022 12:02 PM EDTGoldman Sachs analyst David Kostin told clients in a note on Monday that US stocks "remain expensive vs. history."
The analyst told investors that the S&P 500 index has declined by 23% from its peak in January, but most absolute and relative valuation metrics show that US stocks are still pricey.
"Investors repeatedly ask us where they should be looking for bargains. Four... More
