Independent Thinking^®

A Reality Check for Stock Valuations

Common market valuation metrics can make the stock market seem more expensive than it is, argues Evercore Wealth Management Chief Investment Officer John Apruzzese in a white paper published by the firm.

Investors can form a truer picture of the market’s value and make better asset allocation decisions by using the real earnings yield to adjust potential returns for inflation. To download a copy, click here; if you would like a hard copy, please contact Jay Springer at [email protected].