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US stocks at most expensive relative to bonds since dotcom era

US stocks at most expensive relative to bonds since dotcom era
by Canary Wharfian
January 25th 2025
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Level last seen in 2002 as tech-fuelled equity rally throws up red flag on ‘Fed model’

https://www.ft.com/content/f8b6dbb5-eb9b-4639-b72a-e7c9b2925bb3