美国股债性价比跌破历史新低！意味着什么？
中银证券分析师朱启兵、周亚齐用 “标普 500 的前向市盈率倒数–美债 10 年名义收益率” 来简单衡量美国股债性价比。该数值越高则代表美股相对越便宜，反之则越贵。
从 2000 年以来的历史数据看，该数值大致在一个范围内波动，并存在较强的均值回归的趋势。近期，中银注意到该数值已经显著跌破了历史范围的下沿，显示当前美股估值处于历史偏贵水平。
Source: LB Select The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Like