|Bid||0.00 x 36900|
|Ask||0.00 x 800|
|Day's Range||42.20 - 42.82|
|52 Week Range||32.40 - 50.03|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-14.92%|
|Beta (5Y Monthly)||1.00|
|Expense Ratio (net)||0.32%|
U.S. stocks are some of the most expensive in the world, leaving them vulnerable to a downside reversal, according to the head of research at the world’s largest hedge fund.
U.S. markets have been pushing toward new highs as both domestic and international investors flocked to this outperforming area of the globe. According to Treasury Department figures, foreign private holdings of U.S. equities reached a record of $7.7 trillion as of July, the Wall Street Journal reports. The S&P 500 has outperformed the world stock market in nine of the past 10 years, and most investors are betting that U.S. equities can maintain this outperformance.
Stampeding bull: While U.S. stocks are expensive, they are crushing global rivals and Goldman prefers them to overseas equities based on economic growth.