Equities | Monetary Policy & Inflation | Rates
Macro Hive has previously discussed why the Shiller’s CAPE ratio might need a re-visit given its 10-year trail no longer picks up the crisis drop in earnings. We readdress the topic with this piece, where Ben Carlson points that the ratio has been hovering above 30x since 2017, something which only happened twice before (1929 and 2000) – and both times it preceded huge market crashes…
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