Stock market segment may outperform S&P 500 as P/E ratio suggests potential shift in dominance.
Investors may undervalue a stock market segment, leading to a decade of outperformance as the S&P 500 sets new all-time highs. Despite big tech stocks driving the market, an indicator suggests a shift in domination, with potential investment opportunities in a different group of stocks. The price-to-earnings (P/E) ratio, a common valuation metric, may signal this change.
July 13, 2024
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