US services sector growth slows moderately

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Go back to US services sector growth slows moderately

Bill Gross says stocks 'clearly overvalued' - 10-year treasury rates need to significantly decline

October 4, 2023 12:05 PM EDT

Bill Gross, the former chief investment officer and co-founder of Pimco said in an article released Wednesday that stocks are "clearly overvalued."

Gross, once known as the bond king, explained that EPS levels and forward assumptions are "only part of the story" and now have a "less significant influence on stock... More